SAO PAULO – Even though Brazil is expected to produce 3.42 million vehicles in 2008, compared with 2.97 million in 2007, local auto makers are forecast to import 415,000 units – up 40% on prior-year – to meet soaring domestic demand. The rise of import vehicles surpasses analysts’ predictions, as the industry outpaces the nation’s average product growth. The import forecast stands firm, auto makers say, despite a 3.5% drop in vehicle production in May, compared with April, and a 7.4% ...
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