GM announces investment in Brazil over a billion dollars to increase production and develop new models
The General Motors subsidiary in Brazil announced its intention to spend 386 million U.S. dollars in development and production of a new Chevrolet model (without giving more information on specifications model). The announcement of the new investment comes just two months after GM announced that its operations in the country would invest $ 780 million in order to increase production and produce two new models. The company said it sold more than 595 000 vehicles in Brazil in 2009, generating a 19% market share in an industry dominated by Fiat SpA, Volkswagen and Ford Motor Co.
This new href = "http://www.investinbrazil.biz/industries"> Brazil investment services has continued to add pressure on GM's market share with large companies and mega deals. In March, the company increased to $ 778,000,000 investment in its factories in Sao Paolo state factories, a measure to expand and modernize to meet the challenge competitors. The expansion and modernization GM plant faces production capacity increasing in the company's strategy in Brazil until 2012 to achieve a wider market South America.
The company expects the plan to renew its portfolio of Chevrolet vehicles in the country, and increase sales. Currently, the plant Sao Caetano do Sul, on the outskirts of the city of Sao Paulo, produces Corsa 7 while other production facilities near Mogi das Cruzes is especially targeted auto parts production.
Brazil GM employs about 21,000 people in the country and Brazil and China have played a crucial role in their survival as a global brand. During the financial crisis, strong sales in the two countries have kept the company afloat suffered a period of difficult restructuring. This was First, because of large Brazilian market, the largest in Latin America, and its position as the largest auto producer in Latin America.
During the back cutting height recession, the company's operations in Brazil have been saved because it was the third largest market after the base in United States and China and was its most valuable asset in terms of profitability and growth potential, "said the president of the Brazilian subsidiary of GM.
Despite the crisis of society and the decline in sales last year, sales of cars and light trucks are up 8% this year in Brazil. The company has admitted before that Brazil is an example of what we want "the right business for" the reduction of the models, the formation of a labor force more flexible and obtain concessions from vendors and suppliers. The new 386 million dollar investment in Brazil is a reflection of the achievement of the company that Brazil has a large growth potential and strong investment returns.
About the Author
Invest in Brazil is a rich information resource for the international investors. If you’re looking to promote your Brazilian investment services to international investors, there is a range of advertising opportunities available on FDI in Brazil
Brazilian Business Annex Kickoff Meeting
|
|
Meeting the Employment Challenge: Argentina, Brazil and Mexico in the Global Economy $12.95 Arguing that economic policies in Argentina, Brazil, and Mexico favor markets over institutions and the international economy over the domestic – to the detriment of the workforce in those countries – “Meeting the Employment Challenge” presents extensive evidence in support of placing employment concerns at the center of economic and social policies. The authors discuss the challenges the three co… |
|
|
A World Coffee Conference in Brazil: coffee professionals will convene in the beautiful state of Bahia to discuss the current coffee market and lessons … An article from: Tea & Coffee Trade Journal $5.95 This digital document is an article from Tea & Coffee Trade Journal, published by Lockwood Trade Journal Co., Inc. on June 20, 2005. The length of the article is 733 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citati… |
|
|
Brazil deals with all that coffee.(14th International Santos Coffee Seminar): An article from: Tea & Coffee Trade Journal $5.95 This digital document is an article from Tea & Coffee Trade Journal, published by Lockwood Trade Journal Co., Inc. on October 1, 2002. The length of the article is 2858 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Cit… |