Brazil car production up in February but sales dropped in the two months

Wednesday, March 12th 2014 - 07:28 UTC

Full article 3 comments

Motor vehicle production in Brazil surged in February after auto workers returned from vacations, but production remains below levels seen in 2013 and sales have also dropped in the first two months of the year. Read full article

Comments

Disclaimer & comment rules

Jack Bauer
The Federal Government continues to believe that consumption alone, will make the GDP grow. Now that car sales have taken a dive, our genius Finance Minister, Mantega, will probably be 'told' he must announce some new, temporary measures to get the automotive sector back on track.
Until they realize that the infrastructure is the basis for future, sustainable growth, the country will keep stumbling along, without any defined direction. Meanwhile, back at the ranch, the PT is filling its pockets, and to hell with the country.
Mar 12th, 2014 - 07:15 pm - Link - Report abuse 0
-+
Tik Tok
This industry makes up a huge percentage of manufacturing and therefore it looks like big trouble is coming, a lot of jobs at stake.
Mar 12th, 2014 - 10:23 pm - Link - Report abuse 0
-+
Jack Bauer
Right on Tik Tok.....besides the dozens of thousands of direct jobs supplied by the actual car manufacturers (“Montadoras”, such as GM, Ford, Volkswagen etc), there are hundreds of thousands in the autopart industry. When and if a serious crisis hits the car manufacturers - due to the government cutting back on 'easy' credit - a hell of a lot of people will lose their jobs and join the queues for some “bolsa” or another....
Mar 13th, 2014 - 07:14 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!