SAO PAULO – Brazil recorded sales of 16,935 SUVs last year, down from 28,295 in 1998 and 31,647 in 2001. The rising exchange rate between the Brazilian real and the U.S. dollar is at least partially to blame, motivating Brazilians to buy domestically made cars. The favorable dollar exchange had encouraged buyers to purchase the imported Mitsubishi Pajero and the Suzuki Vitara. Now Suzuki Motor Corp. is closing down its import operations, although General Motors do Brasil Ltda. will ...

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