UPDATE 2-Carmakers apt to spend $11.2 bln in Brazil boom

Newswire

* Investments may reach $11.2 bln through 2011 * Car industry helped propel economic growth in 2009 (Adds sales numbers) 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. The investment comes as April car sales for Brazil are expected to reach a record ...

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