Daily Management Review

GM to Invest $ 3.8 billion in Brazil


American General Motors Co. plans to double its investment in Brazil until 2019, as part of efforts to increase sales in emerging markets.

GM to Invest $ 3.8 billion in Brazil
The automaker plans to invest 13 billion reais ($ 3.8 billion) in South America in the period 2014-2019 for the modernization of existing plants and new technologies, said the head of GM South America, Jaime Ardila.

According to Ardila, the company's investments will be focused on developing new technologies and products, rather than to increase capacity.

Company General Motors intends to introduce six new models in Brazil, Ardila said.

Earlier it was reported that General Motors, ranks third among the world's leading car manufacturers, plans to invest $ 5 billion in the creation of a new line of cars under the Chevrolet brand to the fastest growing markets.

At the same time, as GM President Dan Amman decided to reduce the concern activity in Russia, Indonesia and Thailand, as these markets are too difficult to achieve a high return or, in the case of Russia, the investment in them are associated with excessively high risk.

According to the GM, in the period to 2030, emerging markets will provide up to 88% growth in global sales of passenger cars.


Science & Technology

Credit Suisse: China will become the leader in AI sphere

Five new technologies that will change the world

Over 500 Genes Impacting Intelligence Identified By Scientists

MIT Scientists Say It Could Be Just 13 Years For Commercialization Of Nuclear Fusion

Apple patents MacBook with a keyboard screen

Vero: An Instagram killer?

Wacky Weather Causes ‘Split In The Polar Vortex’

Smart And Adaptive Artificial Eye Developed By Researchers At Harvard

NASA’s Mars Mission To Make Use Of Cold War-Era Atomic Rockets

Israel Completes Mars Habitat Simulation Experiment

World Politics

World & Politics

Ten world's largest importers of weapons

Christine Lagarde: there’s no winner in trade wars

10 best countries for freelancers

Alarming Concerns Or Driving Force Towards Green Energy? – Bitcoin Growth Comes At Environmental Cost

Catalan authorities refuse to greet the King of Spain

Ten Top Politicians To Be Investigated By Greek Parliament On Charges Of Taking Bribes From Novartis

The cloudy future of Saudi Arabia

Australia To Welcome Britain On The Latter’s Interest In Joining TPP