AutoBeta(AutoBeta.net)03/20 Report--

According to foreign media reports, General Motors will invest in two car plants in Brazil, with an investment of up to 10 billion riels (about US $2.7 billion). In the next five years, GM will produce several new models through the two factories and sell them in South America. GM did not disclose the number of future models, which is not expected to be released until between 2020 and 2024.

According to foreign media, GM's investment will retain about 15000 jobs at its two plants in Brazil, but it is not clear whether GM will create jobs in the region where the plant is located in the future. It is understood that GM has been restructuring its operations in South America for many years. GM currently employs 19500 people in 12 factories in Brazil.

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