By Chesney Hearst, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – General Motors will invest R$6.5 billion (US$2.8 billion) in Brazil over the next five years, Chief Executive Officer Mary Teresa Barra announced on Thursday, August 14th. The announcement was made following a meeting held in Brasília between Ms. Barra and Brazilian President Dilma Rousseff.
According to the executive, the investments will be directed towards new products, the improvement of the current models, in new technologies and the maintenance of plants. The news comes despite massive ongoing GM recalls and a downturn in the Brazilian