SAO PAULO – Despite GM’s struggle in Europe, it has improved its position in Latin America, Africa and the Middle East (LAAM). “GM is on the path to profitability next year and has been achieving its objectives in reducing waste and increasing revenues," says Ray Young, president of GM do Brasil Ltda. Chevrolet Astra The auto maker has yet to announce numbers for Brazil, but LAAM recorded a 17.1% market share in the first three quarters compared with 15.6% in like-2003 and a profit ...

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