Wednesday, December 10, 2008
General Motors to Invest $1 Billion in Brazil
I don't like this.
It's bad enough to spend OUR money on bailouts, but this seems way over the top...
It's bad enough to spend OUR money on bailouts, but this seems way over the top...
In the Latin American Herald Tribune, Russ Dallen reports:
"General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to 'complete the renovation of the line of products up to 2012.'"
