GM to invest $500 mln in Brazil, Argentina

DETROIT, July 18 (Reuters) General Motors Corp. said on Wednesday it will invest 0 million in its operations in Argentina and Brazil for developing small vehicles for Latin America and other emerging markets.

''We have been growing our engineering resources in key emerging markets like Brazil, China and India -- not only for development of vehicles for their own markets, but for other emerging markets as well,'' Chief Executive Rick Wagoner said.

''This investment will enable us to take full advantage of the expertise we have in Brazil and support our planned local and global sales growth.'' REUTERS SR PM2104