SAO PAULO – General Motors do Brazil Ltda. is planning to increase employment now that it expects to resume exports to Venezuela. The country was GM-Brazil’s biggest export market in 2001, but President Hugo Chavez imposed currency restrictions, and sales plummeted. The GM subsidiary in Venezuela did not have hard currency to purchase vehicles from Brazil. Earlier this month, Jose Carlos Pinheiro Neto, vice president-GM do Brasil, met with Finance Minister Antonio Palocci regarding ...
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