Industry Group Says Brazil Car Sales Rate Jumping

Newswire

Sales of new vehicles in Brazil have climbed about 30 percent so far this month from the same period of March, the president of national carmakers group Anfavea told journalists on Monday. Anfavea president Luiz Moan added that he was meeting with government representatives to discuss measures to revive auto exports to Argentina. Plunging sales to Argentina and weak domestic demand have rattled Brazil's auto industry, which is a key manufacturing base for global carmakers such as ...

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