(Bloomberg) -- Brazil's surging currency is eroding exports for manufacturers of goods ranging from cars to teddy bears and undermining President Luiz Inacio Lula da Silva's efforts to lower unemployment.
``I have no choice but to raise prices,'' said Ray Young, president and managing director of General Motors Corp.'s operations in Brazil. He fired 900 workers last year because exports dropped 21 percent. ``Will they pay more or drop us? I don't know at this point. That's my biggest worry.''
Read more at Bloomberg Currencies News
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