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10 Jun
11:47

Floods impact Brazil’s May automotive industry performance

The Brazilian automotive sector’s performance fell in May. Production and exports were weaker year-on-year, Kallanish notes. “The pace of production growth was interrupted in May due to floods in Rio Grande do Sul,” the local automotive association Associação Nacional dos Fabricantes de Veículos Automotores (Anfavea) explains. “Many factories stopped or reduced their activities not only in that state but also in ot…
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