SAO PAULO – Brazil’s northeastern state of Pernambuco expects to generate at least BR8.3 billion ($5 billion) from Fiat’s new factory, scheduled to be built in the region by 2013. Aside from the auto maker’s direct investment of BR3.3 billion ($2 billion), state governor Eduardo Campos calculates the new factory should generate another $5 billion in funding from other sources. Fiat executives recently visited the headquarters of the National Development Bank, BNDES, in Rio, where the ...
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