SAO PAULO – General Motors do Brasil Ltda. is instituting a voluntary resignation program to downsize its staff of 10,600 workers, including 2,000 on the powertrain assembly line that produces engines for both GM and Fiat Automoveis SA. The move comes following the dollar's plunge over the last 30 months, from $3.50 to the Brazilian real to $2.38. The unfavorable exchange rate is forcing GM Brazil, along with other auto makers here, to reduce exports and cut expenses. GM recently ...
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