Monday, 22 October 2012

BMW Official meets presidents of Brazil for eventual investment

Dilma Rousseff will meet investors of BMW today at 3 p.m. says the report of German carmaker for a new assembly plan. It first came with the announcement on tax break for carmakers from the Rousseff's ’administration. Therefore BMW says that if the Brazil’s government invest 1 billion reais which is actually worth like 493 million dollars to build a new factory. This would instantly create 1 500 jobs and would be very beneficial for Brazil, because they are in a little recession in manufacturing industry. So, if the deal is done, the government will benefit a profit of 22 million dollars in the next three years which would make Brazil a much more interesting place for carmakers industry and innovation.

Alexis Poulin

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