UPDATE 1-GM to invest in Brazil unit over China, Mexico

Newswire

(Adds background, sales figures) SAO PAULO, Brazil, Jan 26 (Reuters) - General Motors Corp. plans to invest $240 million to expand a plant in southern Brazil where it will produce a new model, with Brazil winning out over possible projects in China and Mexico, a spokesman for GM's Brazilian unit said. The investment would increase production at the Gravatai plant, in the southern state of Rio Grande do Sul, to 210,000 Celta model cars from the current 120,000 by 2006, he said. The news ...

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