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Brazil car production slips but export forecast rises as world demand picks up

Wednesday, August 7th 2013 - 02:47 UTC
Full article 3 comments

Car production in Brazil slipped in July to the lowest daily rate in five months as factories, facing sagging consumer confidence scaled back output industry data showed on Tuesday. Read full article

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  • Ayayay

    Does “locally-made cars” mean Brazilian only?

    Aug 07th, 2013 - 06:12 am - Link - Report abuse 0
  • GeoffWard2

    Its not just sales, its also supply.

    I strongly suspect that the autoparts that Brasil contacts to come from Argentina are necessary to complete the cars. You know, those held up in the border trade dispute.
    ... Reduced car sales in Brasil; reduced export of Brasilan-made cars to South America and beyond.
    Argentina is responsible for much disruption well beyond its borders.

    A South America pulling together and trading *effectively* with with the world *with accelerating integration* would help all South American countries, companies and people.

    I was brought up with the phrase “You are your own worst enemy” .. a phrase which applies across much of the Continent of South America.

    Aug 07th, 2013 - 07:54 am - Link - Report abuse 0
  • ChrisR

    Brazil cannot seem to answer the question of what are they trying to do with the economy?

    ““The performance of our exports reflects an improvement overseas, not that we are more competitive by ourselves,”” is a damning statement about how uncompetitive the auto manufacturing is despite the 10% devaluation in the currency.

    But what can be expected when manufacturers are shielded from the real world by the protectionist stance of this government?

    And yes, The Dark Country is creating serious problems for many countries but it seems nothing of any substance to combat it is being done. A ‘cat’ fight between the two presidents is hardly confidence building when what is required are real punitive measures against this sort of nonsense, but that would hardly fit in with unification of SA would it?

    I still cannot see how extending the tax breaks for locally produced cars does anything but increase the trade gap when so much content has to be imported to construct them and there is no or only little increase in exports.

    Tail chasing the dog?

    Aug 07th, 2013 - 01:54 pm - Link - Report abuse 0

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