Brazil cuts incentives; Ford to continue SAO PAULO — The president of Brazil vetoes Ford Motor Co.’s incentive package, cutting the company’s tax breaks from US$390 million a year to US$100 million for a new plant in Bahia. Politicians from other Brazilian states complained that the original package was too generous and impossible for them to match with competitive offers. Brazil’s fellow members of Mercosur including Argentina, Uruguay and Paraguay also complained, saying the agreement ...
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