Oh No They Don't!!!!
GM got how many billions from us American taxpayers??? And they are going to do what with it??
SAO PAULO -- General Motors plans to invest $1 Billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."
"It wouldn't be logical to withdraw the investment from where we're growing, and our goal is to protect investments in emerging markets,"
"Laura, we have a big chunk of this money going to roads, highways and mass transit," Specter said. "I talked to the governor of my state and he said we could do it in nine months. And I said, ‘That's really not good enough.' And he said, ‘If we really twist and turn we can cut it back to six months. And I talked to the mayor of a major city this morning that has a parking lot going up, which is out of money and the work can go forward this afternoon."