General Motors.BRAZIL--General Motors and Fiat will join their engines, gears and foundry production in Brazil, as well as their raw material and parts purchase, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. O Estado de Sao Paulo. GM has five plants in Sao Jose dos Campos São José dos Cam·pos A city of southeast Brazil east-northeast of São Paulo. It is a major center of Brazil's aircraft industry. Population: 600,000. Noun 1. , State of Sao Paulo, and one in Argentina, while Fiat's is located in Betim, Minas Gerais Minas Gerais (mē`nəs zhərīs`) [Port.,=various mines], state (1996 pop. 16,660,691), 226,707 sq mi (587,171 sq km), E Brazil. The capital is Belo Horizonte. Minas Gerais continues to produce more than half of Brazil's mineral wealth. . Fiat will invest $500 million (U.S.) in a plant that will produce vans to be constructed along with Iveco. GM will inaugurate in·au·gu·rate tr.v. in·au·gu·rat·ed, in·au·gu·rat·ing, in·au·gu·rates 1. To induct into office by a formal ceremony. 2. a vehicle plant in Gravatai, Rio Grande do Sul Rio Grande do Sul (rē`  grän`dĭ th s , with an investment of $600 million (U.S.). Initially, GM and Fiat will not close down plants in Brazil. They will create a new company to manage their businesses. GM and Fiat will maintain the competition in the Brazilian market, and will not share the development of new projects- only parts production. In 1999, GM produced 275,000 cars in Brazil, having sold 285,500 units, which represented 22.6% of the Brazilian market, while Fiat produced 399,846 units and sold 303,602 ones, holding a 25.2% market share, according to 0 Estado de Sao Paulo.
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