Fiat, Mitsubishi and GM announce investments in Brazil

Carmakers Mitsubishi, Fiat and GM have announced plans to invest in Brazil in order to boost sales in the next years. According to Bloomberg,┬áBrazilian carmakers produced a record 3.6 million vehicles last year, a 14 percent increase over 2009. Production growth may slow to 1.1 percent this year, Cledorvino Belini, president of ┬áthe carmakers association,Continue reading “Fiat, Mitsubishi and GM announce investments in Brazil”