SAO PAULO – General Motors Corp.’s Brazilian subsidiary plans to begin promoting midsize cars that offer a greater profit than the popular 1L subcompact entry-level segment, which currently is responsible for nearly 75% of sales in the country thanks to generous government tax incentives. GM Meriva The 1L car represents 65% of GM do Brasil Ltda. sales, which the auto maker now aims to reduce to 50%. With that in mind, GM has committed $1.5 billion investment in Brazil to ...
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