GM's Brazilian business is losing money and is seeking government tax subsidies

[Abby Yuan 0]

According to foreign media reports, GM told public officials and trade union representatives at the meeting on Tuesday (January 22) that it was in an in-depth dialogue with the state government of Sao Paulo about receiving tax subsidies. A few days ago, GM told workers in a memorandum that it was losing money in Brazil.

GM's senior South American managers participated in the meeting with trade union representatives and two mayors of the plant's location. Two officials representing the city where the factory is located disclosed that GM disclosed the discussion of tax subsidies at the meeting.