Business & Finance
Brazil auto output up 3.9pc
SAO PAULO : Automobile production in Brazil rose 3.9 percent and sales increased 0.6 percent in July from June, the
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SAO PAULO: Automobile production in Brazil rose 3.9 percent and sales increased 0.6 percent in July from June, the national automakers' association said on Thursday.
Automakers in Brazil produced over 307,000 new cars and trucks last month, while sales totalled more than 306,000 vehicles, according to data released by industry group Anfavea. Auto output had slipped 2.8 percent and sales had fallen 4.5 percent in the previous month.
Brazil is a key market for the world's biggest automakers, including Italy's Fiat SpA, Germany's Volkswagen AG and US-based General Motors Co and Ford Motor Co.
Copyright Reuters, 2011
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