Tag: Luiz Moran

• Friday, April 25th 2014 - 05:45 UTC

  Lay-offs hit Brazilian auto industry following advancing drop in sales

  

  Volkswagen said on Thursday it will lay off 900 autoworkers at two Brazilian plants, one of the biggest recent efforts to cut output in the face of sluggish demand for cars in Latin America's largest economy. Brazil is the No. 4 market for Volkswagen after China, Germany and the United States.