GM Negotiates the Feasibility of a $ 10 Billion Investment in SP Power Plants



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SÃO PAULO – General Motors (GM) has kept secret the investments it intends to make if it succeeds in negotiating with workers, suppliers, dealers and the government of São Paulo.

Today, by a press release, the president of GM Mercosul announced that the total amount would be 10 billion rand and that it would be destined for the factories of São Caetano do Sul and São José dos Campos, both located in the state of São Paulo. .

This new investment plan envisages the period from 2020 to 2024. The American manufacturer specified that the previous plan of R $ 13 billion covered the period from 2014 to 2019. "GM negotiates the conditions of viability of the new and an additional investment of 10 billion rand, "notes the note.

"As market leaders, we take on the responsibility of facing the challenges of the industry's competitiveness, making a sustainable future for our businesses and the return to shareholders possible. unions, dealers, suppliers and the government to make this additional $ 10 billion investment possible in the São Caetano do Sul and São José dos Campos factories, "Zarlenga said.

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