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09 Oct
13:42

Brazil’s September automotive performance weakens, reduces growth forecast

Brazil’s automotive sector saw both production and exports decrease month-on-month in September, according to local automotive association Associação Nacional dos Fabricantes de Veículos Automotores (Anfavea) data monitored by Kallanish. The sector has downgraded its 2023 production growth forecast from 2.2% to 0.1% on-year, amounting to 2.37 million vehicles, with light-car and commercial-vehicle output representing almost 2.2…
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