Automaker GM sees growing deterioration of Brazil’s business environment

The pandemic is not the only cause of the problems, but also the tax structure and the fiscal issue.

RIO DE JANEIRO, BRAZIL - General Motors' CEO in South America, Carlos Zarlenga, on Monday, March 8th, made yet another pessimistic assessment of the business environment in Brazil. In reference to Ford's decision to close its plants, he highlighted that "players' leaving is evidence of the difficulties in maintaining investments in the country." In addition, the situation is compounded by the growing shortage of components, which has led to stoppages in several factories.

GM had planned to stop production at the Gravataí plant (RS) in April and May, with the temporary suspension of labor contracts (layoff). But yesterday the company . . .

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