• 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Your email address will not be published.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, Venezuela and Cuba Greet Obama with Hope and Skepticism

The Brazilian government has made it clear that it hopes that the new American ...

Brazil’s Gol Next Flight: Uruguay

Brazilian no-frills airline Gol will be flying to Uruguay and Paraguay beginning in the ...

Latam’s Main Furniture Fair Opens in Brazil

Thirty foreign buyers from Latin America, Europe and the Middle East are participating in ...

Brazilian Volunteers Teaching to Read Win UNESCO Award

A Brazilian educational project carried out in Curitiba, capital of the southern Brazilian state ...

Brazil Goes After Yankee Consumer

The search for new market niches for Brazilian products, in the face of the ...

Price of Basic Food Falls in Brazil

In June the cost of a basket of basic necessity goods (cesta básica) in ...

Brazil Says Child Sex Is Serious Matter. Crime Involves Authorities and Elites.

Sexual exploitation of children continues to be a serious problem in Brazil, "reaching worrisome ...

Brazilian Airlines Grow International Flights by 40%

There was a 40% increase in the number of passengers transported on international routes ...

In Brazil, Agribusiness Is Down But Meat Exports Are Up

Meat exports rose 10.7% in Brazil, in January, compared with the same month of ...

Brazil Gets a Little Closer to Egypt by Air

A flight expansion agreement just signed between Brazil and Egypt may, eventually, serve to ...