General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program

General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program

www.propeller.com

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."

(visit the link for the full news article)


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www.laht.com

Ok...

Now America is going to bail out Brazil - TaxPayer money going to help the Brazillian economy!

Who's next?

This goes hand in hand with American policy and America giving away our toys to the rest of the world. Keep the jobs in America, that way American Tax Dollars won't be spent on funding the economies of non American countries!

www.propeller.com
(visit the link for the full news article)

Wait why are they so confident they'll be getting any money now? This is a two line post. There we go.

[edit on 23-11-2008 by cognoscente]

Didn't reinhardt predict this? That US auto jobs would go to Russia or Brazil?

Prepare yourselves.