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LatinNews Daily - 07 May 2010
Brazil, Colombia, Region
Brazil: Vehicle production fell 14.6% month-on-month in
April over March, reflecting the phasing out of official tax breaks put in place
for the sector during the global financial crisis. However total production rose
22.6% year-on-year overall in the first quarter of 2010 to 1.12m units. Exports
rose an impressive 78.3% year-on-year, according to the National Auto
Manufacturers Association. The sector recently announced planned investments of
US$11bn in the next few years.
