Record Month for Brazil’s Auto Industry

The Brazilian auto industry had its best month of the year in August with production reaching 198,058 units. That is the most ever produced in August. It is 5% more than in July, and 47% more than in August 2003.

For the year (January to August), total production reached 1,424,900 units, compared to 1,274,900 during the same period in 2003.

Exports of vehicles are also up. For the year the increase is running at 17.4%, compared to the same period in 2003. August vehicle exports were up 5.5% over exports in July.

Farm machinery exports also rose 8.5% in August, compared to July.

Total sector exports (vehicles and farm machinery and equipment) for the year were up over 55%, compared to the same period last year.


Last month, President Luiz Inácio Lula da Silva took a drive in Brazil’s first multi-fuel car, an Astra Multipower 2.0 sedan, which can run on gasoline, alcohol, or any combination of the two, as well as natural gas.

According to minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, the country is testing innovative technologies in the auto sector.


First, the bi-fuel (gasoline and alcohol) vehicle, and now the multi-fuel. “Our intention is to export this technology. We have had strong performance in vehicle exports, not just automobiles, but heavy vehicles and equipment,” said the minister.

Furlan explained that the multi-fuel vehicle would probably be best employed in urban areas where the traffic is heavy and the optional use of natural gas would be pay off. He said the use of such vehicles could give the natural gas sector a boost.

Furlan said the Ministry of Finance was studying calls by the auto sector for reduced taxes on multi-fuel vehicles.

Agência Brasil

Tags:

You May Also Like

‘Pig-Headed’ Brazil’s Lula Talks to Bush, Says World Will Still Get Trade Accord

The President of Brazil, Luiz Inácio Lula da Silva says that he believes the ...

Bright Idea

Roseana is the major star of the Party of the Liberal Front, the trump ...

Police Seize 7 Tons of Drugs at Brazil-Paraguay Border

In two days, the Brazilian Federal Police (PF) in the state of Paraná, South ...

Mercosur Gets Two New Partners in Brazil

The adesion of Ecuador and Venezuela as regular Mercosul Associated States became official during ...

Presidential Campaigning Halts While Brazil Mourns Death of a Candidate

The death of Brazil’s presidential candidate Eduardo Campos to the October election has appalled ...

Brazil Grows Close to 10% in 10 Years to 186 Million

Besides being the largest country in territory in Latin America Brazil also has the ...

Senate Chairman Upholds Tradition of Treating Brazil with Contempt

At the time of writing we are watching a familiar scene – the chairman ...

Brazil Forum Discusses High Price to Export, from Infrastructure to Red Tape

The National Foreign Trade Forum (Enaex), a traditional event held by the Brazilian Foreign ...

Brazil’s Varig Expands International Cargo Service with New Planes and Routes

Varig Log is expanding its fleet of aircraft and also its routes. The company ...

Brazil’s Scientists Contribute a Mere 1.7% to World’s Academic Production

Brazilian President Luiz Inácio Lula da Silva defended the importance of investments in education ...