UPDATE 1-Automakers to spend $11.2 bln in Brazil amid boom

Newswire

* Investments may reach $11.2 bln through 2011 * Car industry helped propel economic growth in 2009 (Adds investment details, comment) SAO PAULO April 30 (Reuters) - Global automakers will likely invest up to $11.2 billion in Brazil over the next two years, taking advantage of pent-up demand for vehicles in the largest Latin American economy, the president of industry group Anfavea, Cledorvino Bellini, said on Friday. Bellini, who is the head of Fiat's Latin American operations, said ...

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