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General Motors Extends Its Bet on Brazil as Mexican Opportunity Emerges

Brazil 343 China 2604 Cons. Discr. - Autos 954 Mexico 731

General Motors will invest 10 billion reais ($2.62 billion) in Brazil over the next five years. That’s part of an extensive supply chain restructuring that saw it announce U.S. factory closures in November. GM’s Brazilian operations’ combined imports and exports climbed 4.5% year over year in 2018, led by a 10.6% surge in imports. Lower exports may be linked to weaker sales and could be helped by the recently launched Brazil-Mexico automotive free trade deal. GM’s shipments from China to Brazil surged 27.4% higher and have displaced imports from South Korea as well as Mexico.

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