Mazda drops plan to export cars from Mexico to Brazil-Nikkei

Newswire

July 31 (Reuters) - Mazda Motor Corp has abandoned its plan to ship automobiles to Brazil from a plant it is constructing in Mexico due to the South American nation's new import restrictions, the Nikkei reported. Instead, the automaker plans to begin local production in Brazil by 2014, the business daily said. To protect the local industry, Brazil began restricting the value and volume of passenger cars that can be imported tariff-free from Mexico in March, the ...

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