SAO PAULO – If the current production pace is maintained, Brazil will manufacture 2 million vehicles in 2004, a level not seen since 1997 when 2,069,703 cars and trucks were built, industry watchers say. In May, auto makers produced 177,272 vehicles, 7.6% above same-period 2003. That brings output to 848,976 units through the first five months of the year, 12% ahead of year-ago’s pace. GM holds the top spot in sales in Brazil through the first five months of 2004. The performance is ...

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