SAO PAULO – General Motors do Brail Ltda. has rescinded its plan to fire 450 workers at its Sao Jose dos Campos plant, which employs 8,500 workers, but is holding firm to its demand for government sales tax relief. The federal government is studying measures to reduce vehicle taxes in an effort to maintain high-employment levels and stimulate car sales. Currently, taxes represent more than 40% of the price of a car.(See related story: GM Brazil Fires Workers, Union Plans Strike) ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.