Brazil suppliers to rework contracts SAO PAULO — Brazil's currency, the real, has lost nearly 15% of its value in the last four months. As a result, automotive suppliers are renegotiating contracts with local automakers. The official exchange rate now is BR2.07:US$1. Some component suppliers say they can no longer manufacturer their units at the exchange rates set up several months ago, which were as low as BR1.65:US$1, and must renegotiate new terms. Renault launches Clio SAO PAULO — ...
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