General Motors announced it would invest an extra $675 million in Brazil, expanding its commitment to the country’s auto industry by 50% and supporting production of hybrid vehicles and factory modernization.
The new amount adds to $675 million announced in 2024, bringing GM’s total planned investment to $1.35 billion until 2028.
The investment will go mainly to the company’s operations in Sao Paulo state, the most populated and wealthiest in the country, supporting Chevrolet portfolio renewal, incorporation of new technologies including hybrid models, factory modernization and expansion of engineering and manufacturing capabilities.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
