International Business
<i> Times Staff and Wire Reports</i>
GM to Invest $2 Billion in Brazil by 1998: The Detroit-based auto maker said it wants to take advantage of the rapidly growing car and truck market in that country. A General Motors Corp. spokesman said the investment by its General Motors do Brasil unit doubles the company’s original commitment in Brazil through 1998. General Motors do Brasil has already invested $1.2 billion for this year and next. The unit, GM’s primary Latin American manufacturing base, will supply vehicles to Brazil, Argentina, Uruguay, Paraguay, Mexico, the Andean region and some non-Latin markets.
