SAO PAULO – Brazil’s auto industry is forecasting production of 3.24 million units in 2008, up 8.9% from this year’s projected 2.98 million and a 14% gain on 2006. Auto makers next year will approach top production capacity of 3.5 million vehicles and, as a result, heavy investments are necessary to keep pace with growing demand, says the country’s National Association of Vehicle Manufacturers (Anfavea). In recent weeks Volkswagen do Brasil Ltda., Fiat Automoveis SA and Renault do Brasil ...

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