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GM Boom in South America

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GM sets new records in South America helped by growing economies and extensive dealerships.

BY JOACHIM BAMRUD

Maureen Kempston Darkes has reason to be happy these days. The General Motors division she heads up - which includes South America - boosted sales last year by 24.8 percent to $14.6 billion. Net income reached $533 million, a 39.9 percent increase from 2005.  And the number of cars and trucks sold grew by 16.9 percent to a record 1.03 million.

"It was a very positive year for our business in Latin America," she says. "We had all-time sales records in Argentina, Brazil, Colombia, Ecuador and Venezuela."

General Motors does not break down South America separately, but the region dominates the division known as Latin America Africa and the Middle East (LAAM). And that region...

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