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To: Snowshoe who wrote (64019)6/1/2010 2:47:09 AM
From: elmatador  Respond to of 217617
 
GM to invest $384.6 mln more in Brazil factories to modernize and boost production at a plant in Brazil, one of the world's largest auto markets, the company said on Monday.

Overall the world is OK. Only the sites are changing places.

GM to invest $384.6 mln more in Brazil factories

Mon May 31, 2010 4:20pm EDTS

* Additional funds to go to plant in Sao Paulo state

Stocks | Global Markets | Cyclical Consumer Goods

* Part of long-term plan to increase capacity

* Total investment to reach 5 billion reais through 2012

SAO PAULO, May 31 (Reuters) - General Motors [GM.UL] will invest an additional 700 million reais ($384.62 million) to modernize and boost production at a plant in Brazil, one of the world's largest auto markets, the company said on Monday.