Auto sales continue to slide in South America SAO PAULO — Automakers in Brazil produced 1.34 million vehicles in 1999, and exported 268,158 units. This is the lowest level since 1993, when the country produced 1.39 million vehicles and exported 331,000. Last year's production represented less than half of installed capacity. Automakers in Argentina built only 304,913 vehicles, down 33.4% from 1998. Although December sales rose 120% compared to December 1998, it was not enough to stop a ...
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