GM Brazil head says "in panic" over real-dollar rate

Newswire

RIO DE JANEIRO, Brazil, April 25 (Reuters) - The Brazilian currency's strength against the dollar may make General Motors Corp. Brazilian unit reduce exports and output, the unit's head told local financial newspaper Valor Economico. "I am in panic, I cannot sleep because of this dollar," Valor quoted Ray Young as saying in its Monday edition. Brazil's currency, the real , is trading at its strongest levels since mid-2002. It closed at 2.538 per U.S. dollar on Friday. A strong local ...

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