GM to invest in Brazil unit over China, Mexico

Newswire

SAO PAULO, Brazil, Jan 26 (Reuters) - General Motors Corp has chosen to invest $240 million to expand a plant in southern Brazil where it will produce a new model, with Brazil winning out over possible projects in China and Mexico, a spokesman for GM's Brazilian unit said. The spokesman said the announcement of the investment would be made officially by GM Chairman and Chief Executive Officer Richard Wagoner on Feb. 5.

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