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GM Prepares Brazil Investment Plan Surpassing $3.2 Billion

General Motors Co., the biggest U.S. automaker, is preparing a five-year investment plan through 2017 for its Brazil operations, which surpasses the current 5 billion reais ($3.21 billion) for 2008 to 2012.

“To be competitive, we have to invest more,” Jaime Ardila, head of the company’s Latin American unit, told reporters at an event today in Sao Paulo. “We’ll have to make some decisions by the end of year.”