GM could cancel $1.6 billion investment in Brazil

General Motors Co will reconsider plans for new investment in Brazil if the economic and political situation does not improve, the company's president Dan Ammann said in an interview published on Sunday. Brazil was until recently one of the world's five biggest auto markets, but it has sunk into the worst recession in 25 years and business confidence has been undermined by political uncertainty and a bid to impeach President Dilma Rousseff. "I hope to see political and economic advances in the n