Automobile production in Brazil fell 0.6% in the first quarter of 2019 compared to the same period last year, the national automakers’ association said on Thursday, as an economic crisis in Argentina continued to weigh on output.
Automobile production in Brazil rose 29.9% in February from January, while sales slipped 0.6%, the national automakers’ association said on Monday. Automakers in Brazil produced around 257,200 new cars and trucks last month, while sales totaled about 198,600 vehicles, according to industry group Anfavea.
Car makers in Argentina have sufficient dollars to meet production and sales targets, the government said Friday, a day after General Motors Co announced it had suspended exports from Brazil to its Argentine unit due to a hard currency shortage.
General Motors outsold Toyota for the first time in six quarters, rising atop the industry and underscoring the resurgence of US automakers.
Automobile production in Brazil rose 18.7% in February from January, setting a record for the month, as exports surged on the back of increased global demand for automobiles, industry data showed on Friday.