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:

  • 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Your email address will not be published.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

Legacy’s Black Box Shows Brazil’s Control Tower Made a Mistake

Transcripts from the Legacy’s black box reveal that the São José dos Campos, São ...

Picasso, Matisse, Dali and Monet Stolen at Gunpoint in Brazil

Four armed men entered the Chácara do Céu Museum, in the Santa Teresa district ...

Brazil’s Ethanol Storage Complex Can Manage 15 Ships a Month

The city of Paranaguá in the southeastern Brazilian state of Paraná has just inaugurated ...

Under Siege and with 94 Deaths, Sí£o Paulo, Brazil, Says Lula’s Help Is Useless

For the São Paulo, Brazil, Military Police chief, Colonel Eliseu Eclair Teixeira Borges, this ...

Brazilian Doctor Turns into Beauty Consultant in New York

Brazilian expert Dr. Odilza Vital Fill, beauty specialist, lecturer and author of the Brazilian ...

São Paulo Stock Market in Brazil

Brazil Hits Two Records: Stocks Surpass 47,000, Country Risk Plummets to 154

For the first time ever Brazil's Bovespa (São Paulo Stock Market) topped this Monday, ...

Brazil and Ghana Strengthen Agricultural Ties

In a joint communiqué issued April 13, Brazil and Ghana reaffirmed their commitment to ...

Brazil Gets Biggest Piece of Foreign Investment in LA: US$ 18 Bi

Foreign direct investment (FDI) in Latin America and the Caribbean grew 44% in 2004, ...

Brazilian Blind Get Program that Convert Into Sound Every Computer Text

Brazilian who are blind or suffer from other visual deficiencies will gain a new ...