SAO PAULO – Brazil’s strong domestic vehicle market that helped the country overcome the global financial crisis in 2008 is struggling with this year’s economic turbulence and a flood of low-cost imports. The declining economy has caught the local industry with an overstock of inventory, good for more than a month of sales. Some auto makers are reducing production by mandating collective vacations. Despite the high levels, analysts note inventory in 2008 represented 60 days of sales. ...
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