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President Lula Says GM To Invest BRL 7 Billion by 2028

BRAZIL
  • LULA SAYS ON 'X' THAT GM WILL INVEST BRL7B IN BRAZIL BY 2028 (BBG)
  • A few more details from President Lula on GM's investment in Brazil via social media platform X (translated):
    • "Today I spoke with the president of General Motors International, Shilpan Amin, and the company's president for South America, Santiago Chamorro about the first phase of the company's new investment plan in Brazil, worth R$7 billion between now and 2028. These investments come at a good time, with the resumption of Brazilian economic growth with programs such as the New PAC and the New Industrial Policy."

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