10
Aug
01:00
Brazil's automotive production falls in July while exports increase
The outlook for the Brazilian automotive industry “…remains complex, mainly due to the low confidence of consumers and investors”, Luiz Moan Yabiku Junior, president of Brazilian automotive manufacturers group Anfavea, says in a report seen by Kallanish.
In July, Brazilian automotive output fell by 14.9% year-on-year to 215,145 units, while production in the first seven months of the year decreased by 18% to approximately 1.5 million vehic…
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