Brazilian auto industry drops 36% in June and drags industrial output

Monday, August 4th 2014 - 07:16 UTC

Full article 10 comments

Brazil's industrial output fell 6.9% in June compared to the same month last year, mostly due to a contraction of the automobile industry, reported the official stats office last Friday. Read full article

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ChrisR
“Brazil, Latin America's largest economy, is a major market for global automakers, such as Italy's Fiat SpA, Germany's Volkswagen and U.S.-based General Motors and Ford Motor.”

And I bet they are regretting that big-time.

Just wait for the effect the Olympics has on everything: if they are lucky it might finish the auto business once and for all.

Just a 'ray of sunshine' aren't I?
Aug 04th, 2014 - 06:29 pm - Link - Report abuse 0
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ilsen
Vene-Brazo-Cuba anyone?
Is the cancer spreading?

I raise your 'ray' to the 'merest glimmer'............
Aug 04th, 2014 - 08:51 pm - Link - Report abuse 0
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Brasileiro
All car companies installed in Brazil are multinational.
Aug 04th, 2014 - 09:21 pm - Link - Report abuse 0
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ChrisR
@ 3 Brasso

There's the risk! Do you really think any of these companies will stay once the decide they are looking at long term losses?

No chance, they will just move even more output to Mexico, they are having a job keeping up with prodution for the US anyway.

Never mind, you can thank Dilma and The Liar Mantega for fucking around with Mr. Market over the last two years.

He doesn't like it, especially when they look like Dilma. :o)
Aug 04th, 2014 - 10:13 pm - Link - Report abuse 0
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Brasileiro
The Brazilian car market is the fifth largest in the world. Perhaps Brazil need to put more competitors in the market. Maybe we place a Brazilian competitor.
Aug 05th, 2014 - 12:36 am - Link - Report abuse 0
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ilsen
Maybe?
Who will invest in a 'maybe'?
Aug 05th, 2014 - 10:33 pm - Link - Report abuse 0
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ChrisR
@ 5 Brasso
“Maybe we place a Brazilian competitor.”

Name ONE.
Aug 06th, 2014 - 11:59 am - Link - Report abuse 0
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Jack Bauer
ChrisR@7
Seems the Brazzo once again is revelling in his own stupidity....but to answer your question, I can name one......the “donkey”....you know, the four-legged beast that inhabits the northeast of Brazil (not the “burros” that live in Brasilia), and has been very effective in carting people and their stuff around, for centuries. And the way the economy is going, might be advisable to get myself a donkey before the price goes up.
Aug 06th, 2014 - 05:20 pm - Link - Report abuse 0
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ChrisR
@ 8 Jack Bauer

Brilliant, but why stop at one.

Buy three, a Jack and two Jenny's and start your own “auto factory”. :o)
Aug 06th, 2014 - 06:44 pm - Link - Report abuse 0
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ilsen
:-)
Aug 06th, 2014 - 09:40 pm - Link - Report abuse 0
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