Posted 2/21/2018 2:41:35 PM
SAO CAETANO DO SUL (BRAZIL), 21 Feb. (EUROPA PRESS) –
The United States General Motors automobile consortium will invest 4,500 million reais (1,125 million euros at the current exchange rate) at its Brazilian plants in Sao Caetano do Sul, Gravataí and Joinville.
According to the announcement of the president of GM Mercosur, Carlos Zarlenga, and the President of the Republic of Brazil, Michel Temer, this operation is part of the intention of the company to continue accelerating its investments in Brazil, where it plans to invest 13,000 million reais (3,250 million euros) in its local operations between 2014 and 2020.
The amount of 4,500 million reais in these three plants in Brazil includes an economic injection of 1,400 million reais (350 million euros) in the center of Gravataí, as well as 1,200 million reais (300 million euros) in Sao Caetano do Sul and 1,900 million reais (475 million euros) in Joinville.
The corporation explained that this economic effort seeks to strengthen its business in Brazil through new products, technologies and innovative manufacturing concepts. In addition, he said that it will serve to develop new suppliers and to generate jobs.
The president of General Motors in the Mercosur region stressed that his company has a “historic” commitment to Brazil, where it has presence, through its Chevrolet brand, for more than 92 years.
“We are making the largest investment plan in the industry in the apís, which reinforces our confidence in the potential for market growth,” said the director of the automotive corporation.