Brazil Sets Record in Vehicle Production: 213.400 Units in May

Export earnings from sales of vehicles, agricultural machinery, auto parts, and motors rose 33.8% in May, compared with the same period last year, and 1.7% in relation to April of this year.

Motor vehicle production attained the mark of 213,400 units, the most ever for the month of May. These data were released June 6 by the National Association of Motor Vehicle Manufacturers (Anfavea).


Anfavea estimates that exports will grow 7% this year, compared with 2004. Sales are expected to amount to US$ 9.8 billion.


Anfavea president, Rogélio Golfarb, commented, however, that the sector’s growth rate will be lower in 2005 than in 2004.


“Our worries stem from two factors: the substantial appreciation of the real and cost increases in general, mainly in the prices of industrial commodities, which raises production costs.”


Between January and May, 984.8 thousand units were produced, 13.52% more than during the same period last year.


Exports have totaled US$ 4.077 billion so far this year, 35.5% more than in the first five months of 2004. Domestic vehicle sales rose 3.9% in May, when 142,978 units were sold.


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Your email address will not be published.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

Brazil’s Varig Bought for US$ 24 Million. 8000 Employees Get the Ax.

It seems that the name Varig will survive after all. The moribund airline company ...

Brazilian Volunteers Ready to Help Asian Tsunami Victims

According to the Counsellor-Minister of the Brazilian Embassy in Thailand, Fernando José de Carvalho ...

Honey Exports by Brazil Grow 70% in First Half of Year

Exports of honey by Brazil remain high. In June, the country sold the equivalent ...

Brazilian woman takes birth-control pill

Brazil Offers Free and Heavily Subsidized Birth-Control Pills and Vasectomy

Brazilian President, Luiz Inácio Lula da Silva, launched this Monday, May 28, the National ...

Brazil Building Industry Puts a Show in the Middle East

Brazil is showing the world the potential of the Brazilian building industry. A group ...

Brazil Hands Out US$ 3.7 Billion for 2008/2009 Crop

State-owned Bank of Brazil (BB) has disbursed 6.7 billion Brazilian reais (US$ 3.7 billion) ...

London Mayor and Other Experts in Brazil for Innovative City Conference

From March 10 to 13, Curitiba, the capital of the state of Paraná, will ...

Lula’s Advisor Sees Negotiated Solution for US-Brazil Trade Dispute

In an interview to foreign correspondents, in São Paulo, the special advisor to the ...

Portugal Company Has Energy Plans for Brazil Including Wind Power

Portuguese energy sector company Energias de Portugal (EDP), is discussing with the Algerian Sonatrach ...

Another Confirmation of Brazil Government’s Graft Scandal

A former BrasÀ­lia (capital of Brazil) deputy governor revealed it was known that members ...