GM Brazil Announces New Investment of R$2 Billion To Develop New Vehicles - VIDEO ENHANCED

RIO DE JANEIRO - July 17, 2009:

Jaime Ardila

General Motors do Brasil Managing director, Jaime Ardila, announced to the Brazilian president the subsidiary's decision to invest R$ 2 billion (equivalent to about $1.38 billion U.S.) to launch a new family of Chevrolet vehicles and to increase the output of its industrial automotive complex located in Gravataí, Rio Grande do Sul state. Jaime Ardila said to President Lula that the resources for this new investment will come from GM do Brasil cash flow and its profits made over the years.

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