SAO PAULO – Barely one month ago, Jackson Schneider, president of the National Association of Vehicle Manufacturers (Anfavea) said Brazil’s auto industry had not been impacted by the global financial crisis. Analysts were forecasting sales of 3 million vehicles this year, but industry leaders now have downsized estimates to 2.8 million to 2.9 million, which still is well above the record 2.4 million units sold in 2007. They also are reducing earlier projections calling for 2009 sales to ...
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