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July 07, 2009 | Jim Lane | Comments 1

GM targets new Brazilian flex-fuel car plant as a base for return to growth

In Brazil, Brazzil magazine has an excellent summary of operations and opportunities for General Motors in Brazil, where the company increased sales 3 percent last year despite a bankruptcy-inducing 23 percent slide in US sales.  GM market share stands at 21 percent in the LAM region, and has targeted a new $1.5 billion flex-fuel plant in Santa Catarina state as a platform for flex-fuel vehicles that will help the company mount a global comeback. The new flex-fuel vehicle underf development is named the Prisma and is slated for export.

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    1. GM India also plans to export cars to the US, including its new $4000 rival to the Tata Nano.

      Some models from Toyota, BMW, Mercedes, Renault-Nissan and Fiat are also being built there.

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