SAO PAULO – Brazil’s installed capacity should reach 5 million vehicles annually by 2012, with production hitting 4.38 million units, according to estimates by the National Association of Auto Parts Manufacturers (Sindipecas). The group forecasts production of 3.364 million vehicles this year, a 13.2% rise over 2.971 million in 2007. The National Association of Automotive Vehicle Manufacturers is somewhat less optimistic, predicting output of 3.25 million units in 2008. “Despite the ...
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