The US largest automobile corporation has suffered huge losses due to the economic and political crisis in Brazil, which is considered to be one of the industry’s biggest markets. The production of trucks and passenger cars in January decreased by 29.3%, while the sales volume fell by 38.8% and had reached its nine-year low. General Motors will withdraw its investments from the Brazilian market, if the situation in the country remains the same for 6-12 months.
The news has had a negative impact on General Motors’s shares value, which fell by 0.86% and still continues to decline. Do not miss this great opportunity to earn money on a further reduction. Trading will be available during the American session, from 13:40 to 20:00 GMT time.
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