The company said it would offer its Brazilian operation separately.

The program has similarly dented earnings at many American companies with large Brazilian operations.

Brazilian operations accounted for the bulk of the $26.4 million loss that the company posted in the second quarter.

Worse yet, Pepsi had to pump almost $400 million into its troubled Brazilian bottling operation.

In 2008, the Brazilian operations contributed 8% to the company's overall production.

About half of the year's loss was attributable to the company's Brazilian operations, the company said.

The company cited economic troubles affecting its Brazilian operations.

The holding also took control of the newly-established Brazilian operations.

Latest quarter results included a loss of $7.4 million from the company's Brazilian operations.

But G.M.'s Brazilian operations have gone further than many manufacturers.