No menu items!

GM Brazil Survives Bankruptcy

By Jaylan Boyle, Contributing Reporter

RIO DE JANEIRO - When America sneezes, Brazil catches a cold. That old saying can be particularly true for industries with an overwhelming dependency on the United States economy.

In the automobile manufacturing trade, that proverbial sneeze came on Monday of last week, when General Motors filed for bankruptcy in a Manhattan courthouse.

The world's second largest automaker has put in a request for ‘Chapter 11′ protection against creditors after sustaining total losses of US$81 billion over the last four years. And yet, it looks like GM Brazil's economic health will not be . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content