欧美日韩性大香蕉|精品无码成人视频|永久久久久久久久|日韩加勒比偷拍网|婷婷伊人久久蜜桃|亚洲理论中文字幕|中文无码黄色Av|三级一区二区三区|超碰在线精品专区|国语对白一级A片

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

GM to invest $1 billion in Brazil

(Xinhua)
Updated: 2008-11-19 16:32

BRAZILIA -- The General Motors Corporation (GM) has decided to invest $1 billion  in Brazil to expand business there, local media reported Tuesday.

The investment was part of a US bailout package and would be used to upgrade car production lines before 2012, said Djame Adila, a GM's official in charge of the markets in Brazil and other member-countries of the South American Common Market which also groups Argentina, Paraguay, Uruguay and Venezuela.

Although the company has laid off employees in some other countries in face of the current US financial crisis, it still needs time to valuate the Brazilian market before making any decision, said Adila, adding that  a recent announcement of a 3.5-billion-dollar loan plan to automakers by the Brazilian government should boost the car sales in the Brazilian market.

"To withdraw capital from an expanding market is obviously illogical. What we should do is to protect investment to the emerging markets," Adila said.

The company's car sale at the Brazilian market is expected to reach 2.9 million units in 2009, while that for this year is to reach 2.85 million, up 15 percent from last year.