General Motors Corp.’s Brazilian subsidiary is trying hard to create the impression it will scrape by unscathed by its U.S. parent’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 GM’s Mercosur operations, told the news media here the local division was financially healthy, and “its 5-year investment plan of $2.5 billion (which began in 2007) would be ...

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