Brazil state-run bank to loan automakers $853 mln


SAO PAULO, Brazil, Oct 31 (Reuters) - Brazil's development bank BNDES on Monday said it will provide an $853 million credit line to help automakers like Volkswagen AG , Ford Motor Co. , General Motors Corp. and Fiat SpA boost exports. The lender said the loans would help the companies make $2.8 billion in sales. Automakers have been asking the state-owned bank for months to help offset the impact of a four-year high in the local currency, the real . Vehicle makers say the stronger ...

Premium Content (PAID Subscription Required)

"Brazil state-run bank to loan automakers $853 mln" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Jan 18, 2018

2018 Wards 10 Best Engines Editorial Roundtable Part 2

WardsAuto editors discuss some of the 22 nominees that did not make the cut in this year's Wards 10 Best Engines competition....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×