EMBRAUTO, EMBRAFARMA, etc.

The media are buzzing with ever stronger rumours that General Motors
and Ford are in advanced talks with Toyota, Volkswagen, Fiat and
others regarding the sale of their profitable Brazilian operations.
Why doesn't the Brazilian government step in and buy them before they
fall into the hands of yet another foreign auto company?  It has been
decades now since the loss of the last truly Brazilian car / truck
manufacturer; isn't it time to get back into the game?

No country can aspire to "great power" (let alone super-power) status
as long as their basic industries are controlled by foreigners.
Surely, even the Brazilian kleptocracy must recognise that it would be
much better to invest their hundreds of billions of rapidly
depreciating US dollars in productive assets, rather than to continue
investing in US Treasury bonus with a negative yield of over 20% per
year, no?


^^;;^^