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03/08/2017 - 18:12hs
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GM to invest USD 448 million in Brazil

The automaker said that investment in its plant Gravataí, Rio Grande do Sul will pave the way for GM Mercosur to become a global exports platform.



São Paulo – General Motors announced this Thursday (3) that it will invest BRL 1.4 billion (USD 448 million) in its plant in Gravataí, Rio Grande do Sul, as part of a BRL 13 billion (USD 4.1 billion) investments package it had announced for the 2014-2019 period.

The carmaker said in a press release that this investment will pave the way for GM Mercosur to become a global exports platform, besides increasing the company’s presence in the state even further. According to GM, five new suppliers will be drawn in as well, creating new jobs.

The Gravataí unit is where the Onix hatchback, the top-selling car in Brazil today, and the Prisma sedan are currently made.

*Translated by Gabriel Pomerancblum

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