Seeking Alpha

GM sees flat sales in Brazil

  • General Motors (GM -2.1%) expects its vehicle sales in Brazil in 2014 to be at roughly the same level as a year ago.
  • The Brazilian automobile market has disappointed global automakers that made big bets in the region recently. Last year, total sales declined to 3.77M.
  • Execs with GM say they are still optimistic about Brazil's economic situation and say the company will keep its investment program in place.
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