• Categories
  • Archives

After Record Year Brazil Automakers Upbeat for 2005

Brazil’s automaker association (Anfavea) says it expects 2005 to be another good year for Brazilian automakers with further increases in production, exports and domestic sales.

Brazilian vehicle production rose 20.7% in 2004, compared to 2003. The strong performance was boosted by exports, which rose 51.8%, and domestic demand, up 10.5%.


Foreign sales of Brazilian-made vehicles brought in revenue of US$8.3 billion in 2004. Another bright spot in this picture is the fact that the sector added 11,000 new jobs. Employment in the sector thus rose from 91,000 to 102,000.


The Brazilian automotive industry close 2004 with record production and export levels. The previous production record had been established in 1997, when 2.07 million units were manufactured.


Between January and November, Brazilian vehicle production has already reached 2.02 million, which means a 20.8% increase over the same period of the previous year.


November was also the second best month in production level. 201,000 units were manufactured, a figure which is only inferior to the September volume of 203,000 cars.


Golfard stated that the production rhythm in the automobile industry will carry on being determined by the foreign market. In 2005, the increase should be maintained, however, by a smaller percentage. Estimates by Anfavea indicate a 7% increase for Brazilian automobile exports and revenues of US$ 8.6 billion.


ABr and Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil to Spend US$ 1.7 Billion to Help Over 1 Million in Rio’s Slums

The Brazilian government will spend US$ 1.7 billion to bring running water and other ...

Brazil’s Social Movements Coalition Comes to Lula’s Rescue

After a meeting with Brazilian President Luiz Inácio Lula da Silva, a coordinator of ...

Lula Raises Minimum Wage by 13%. Opposition in Brazil Wants More.

The leader of the PCdoB (Partido Comunista do Brasil – Brazil’s Communist Party) in ...

Thanks to ALL, Brazil’s Ethanol Gets on the Right Track

Brazil-based ALL (América Latina LogÀ­stica), the largest railway logistics operator in Latin America, is ...

Brazil Starts to Fix Its Roads

Brazil’s Ministry of Transportation will immediately employ on road restoration US$ 581 million (1.5 ...

Brazil’s New Finance Minister Wants GDP Over 4% in 2006

In his first remarks as Brazil’s new minister of finance, following a ceremony at ...

Brazil: ‘No Need to Always Agree with US’

United States Secretary of State, Colin Powell, speaking to reporters during a press conference ...

Brazil’s Lula Wants Urgent ‘Democratization’ of the UN

Brazilian President Luiz Inácio Lula da Silva said that the participation of developing countries ...

Death Squad Threatens Lawyers in Brazil

Two lawyers and an NGO leader in Brazil have suffered death threats and intimidation  ...

Gunmen in Brazil Trap Indians Cutting Off Their Water and Food

Brazilian gunmen hired by ranchers have been holding as prisoners a large group of ...