Thread: GM to build $200-million engine plant in Brazil

GM to build $200-million engine plant in Brazil

By Wallace Witkowski
Last update: 3:09 p.m. EDT April 14, 2008Print RSS Disable Live Quotes

SAN FRANCISCO (MarketWatch) -- General Motors Corp. (GM:General Motors Corporation
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Last: 19.00-0.62-3.16%

4:02pm 04/14/2008

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GM 19.00, -0.62, -3.2%) said Monday it will start building a $200-million engine and automotive components plant in Joinville City, Brazil. GM expects the plant, which is expected to employ about 500 workers, to start production in the fourth quarter of 2009. At full capacity, the plant will be able to produce 120,000 engines and 50,000 cylinder heads a year, GM said. Community

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8 Comments (view all)

could it be that, because GM has had a presence in Brazil since the 1920s, to engineer/manufacture and distribute their products to the Latin American market, that this facility will simply be to support that growing market?

Why build a p...

- ronker

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http://www.marketwatch.com/news/story/g ... dist=msr_4

What was it Ross Perot said about that "giant sucking sound" ????

I cant believe how often I have heard to "buy an American made car, not an import". No one will be able tol say that much longer.

No more GM products for me.