Tag: Luiz Moan

• Tuesday, June 16th 2015 - 06:03 UTC

  Brazil's auto industry faces plummeting sales and widespread layoffs

  

  Plummeting auto sales in Brazil amid the country's worst economic situation in a decade have battered the industry that makes up one-fourth of the country's industrial gross domestic product and has led to widespread layoffs and mandatory leaves.

• Tuesday, March 10th 2015 - 06:56 UTC

  Renewal of car quotas with Mexico reveals shortcomings of Brazilian industry

  

  Brazil and Mexico announced the renewal of vehicle quotas for four years, delaying the implementation of a free-trade agreement between the two countries. Under the new agreement, Brazil and Mexico will permit $1.56 billion of duty-free vehicle imports for the first year of the agreement. That amount will rise 3% each year until the agreement expires, in 2019, when they’ll return to a free-trade regime.

• Tuesday, April 22nd 2014 - 06:26 UTC

  Brazil and Argentina clash over auto-export restrictions; top level mission heads for Buenos Aires

  

  A high level Brazilian government delegation is scheduled to arrive in Buenos Aires on Tuesday to discuss the 'urgent' re-opening of the Argentine market for Brazilian auto exports that have dropped 32% since the beginning of the year because of unilateral decisions from the administration of president Cristina Fernandez.

• Tuesday, July 17th 2012 - 04:39 UTC

  Brazilian auto workers begin protests fearing loss of jobs as investment is down

  

  A Brazilian union carried out a 24-hour strike at a General Motors Co factory on Monday to protest dwindling output on an assembly line where workers fear for the future of 1.500 jobs.