SAO PAULO – Brazil’s government is betting the domestic auto industry will recover this year, after total vehicle production fell 1.9% in 2012, according to the National Association of Automotive Vehicle Manufacturers (Anfavea). The country’s overall industrial output was down 2.7% in the year, and the Brazilian Institute for Geography and Statistics says, “Vehicles exerted the highest negative influence on the overall index, pressed by the decrease in the ...
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