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This is an English translation of a Spanish language article which quotes sources in Brazilian (Portuguese language) media. I checked one of the sources, Gazeta Mercantil, and in my weak Portuguese, the context seems right. General Motors WANTS to invest $1 Billion in South America, money which they do not currently have, and are hoping to get from their piece of the bailout.
1 posted on 11/18/2008 12:59:32 PM PST by cll
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To: cll

That’s right, GM is worldwide. Europe, China,
Russia, even a couple assembly plants in the USA.


2 posted on 11/18/2008 1:01:43 PM PST by RightWhale (Exxon Suxx)
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To: cll

off subject but....

Waters talking with Cavuto and Cavuto is gving her a lesson in truth!!!

Waters is THE example of a Democrat


6 posted on 11/18/2008 1:10:08 PM PST by malia
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To: cll

Cool, more jobs shipped out. Outsource all jobs, print more money, and borrow! It’s the new American way.


7 posted on 11/18/2008 1:12:10 PM PST by mysterio
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To: cll

Well if Toyota and the other “foreign” car makers are making cars in the US, and GM is making cars abroad, then which of them is doing more to help our economy and give people jobs?

I imagine the main reason GM wants to make cars in Brazil is that they can’t afford UAW scale wages. At one time, labor unions may have had a purpose, but for as long as I can remember they have been mainly destructive, even to their own members.

There should be no bailout as long as the UAW survives in its present form. And it’s long past time to revise the labor laws—and NOT by doing away with secret ballots in union elections.


10 posted on 11/18/2008 1:20:39 PM PST by Cicero (Marcus Tullius)
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To: cll

How American is that car?

It’s harder than ever to figure out which cars are the most American. The government requires that automakers disclose what percentage of a new vehicles’ components are U.S. or Canadian and where the vehicle was assembled. Here is the information for most new models. The 2006 data was the latest information disclosed to the National Highway Traffic Safety Administration by automakers. The 2007 and 2008 statistics were compiled by USA TODAY from automakers and from visits to car dealerships. (Story)
Manufacturer Make and model
Model year Percent content US/ Canada Assembled in:
US/Canada Outside

Go to: http://www.usatoday.com/money/autos/2007-03-21-car-content-chart_N.htm


12 posted on 11/18/2008 1:28:57 PM PST by KeyLargo
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