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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," he said in a statement published by the business daily Gazeta Mercantil.
Originally posted by pexx421
The average make, i believe 26-29 an hour which is not an awful lot. Its our healthcare system that has priced them out of a job. Due to all the expenses a job must pay for workers, the cost of employing a worker that gets paid 29/hour is actually close to 70/hour for the business. Massively this is due to healthcare costs for retirement, and the surge in healthcare costs for benefits plans, and this was legislated by congress, not by the worker.
If the elites are the problem, then we must be seriously lazy because we as a population aren't doing what populations in the past have done to obviously corrupt leaders, get rid of them.