SAO PAULO – Aecio Neves, governor of the state of Minas Gerais, promises to defend Fiat Automoveis SA’s economic competitiveness in an effort to calm concerns of parent company Fiat Auto SpA. Neves met with Roberto Vedovato, president of Fiat in Brazil. Fiat has announced a plan to invest $1 billion to develop new projects and processes at the Betim factory over the next three years. Of this, $250 million will be spent on development, enabling the Brazilian subsidiary to produce cars ...

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