Begging Big 3 Belly-Up Carmakers Rattle Tin Cups From Bizjets-ONE BILLION In Bailout Money To Build GM Plant In Brazil-SEE TEXT

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General Motors plans to

Submitted by godschosenpoop (not verified) on Tue, 25/11/2008 - 09:45.

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General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."

"It wouldn't be logical to withdraw the investment from where we're growing, and our goal is to protect investments in emerging markets,"
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Boy, you know things are

Submitted by godschosenpoop (not verified) on Tue, 25/11/2008 - 09:53.

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Boy, you know things are grim when our leaders would rather support the mudpies in Brazil than the 50 percent mudpies in The Kwa. Come on, Obamaboo--Chains We Can Believe In.