General Motors Corp.â€™s Brazilian subsidiary is trying hard to create the impression it will scrape by unscathed by its U.S. parentâ€™s recent Chapter 11 bankruptcy filing. GM do Brasil Ltda. made no immediate statement when GM filed for bankruptcy protection June 1. But the following day, Jaime Ardila, president of GMâ€™s Mercosur operations, told the news media here the local division was financially healthy, and â€śits 5-year investment plan of $2.5 billion (which began in 2007) would be ...
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