DETROIT β€” General Motors Corp. is counting on South America for growth even though the last several years have been less than stellar for the world's No. 1 automaker. β€œIt's still the fastest-growing area in the world, despite this low market in the past two years,” says Richard C. Nerod, former GM Latin America, Africa and Mid-East (LAAM) president. Nerod, 62, retired last month after 40 years with GM, including 28 years in Latin America, Asia and Europe. Last year, GM saw a 25% ...

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