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Floods in the state of Rio Grande do Sul in Brazil have hit production at ten automotive manufacturers and a large network of suppliers, with plants and transport routes still out of action
The investment includes renewing GM's vehicle portfolio, as well as developing new technologies for the local market.
(Bloomberg) -- For two decades, Brazil’s unique solution to curb tailpipe emissions — specialty cars powered by any mix of gasoline and ethanol — helped it boast a fraction of the roadway pollution of other countries its size. Now, it threatens to hold it back.Most Read from BloombergA $500 Billion Corporate-Debt Storm Builds Over Global EconomyApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode