Clipping of news on Brazilian Culture, Law and Citizenship
08/09/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Sao Paulo - The production of vehicles in the country grew 8.8% in July compared to June 2012. Is planned, in addition, an increase of 2% in production until the end of the year, despite the decrease of 8.5% accumulated from January to July this year over the same period last year. The data are from the National Association of Vehicle Manufacturers (Anfavea).
With less than one month to the end of the reduction of the Tax on Industrialized Products (IPI) for automobiles, which ends on the 31st of this month, the amount of car sales in July turned out to be the largest in the history of the industry, according to Anfavea. This was also the second best month ever recorded by the entity.
The statement released today showed that the volume of new vehicles licensed in Brazil grew by 18.9% in July 2012, compared to the same month of 2011. According to the president of Anfavea, Cledorvino Belini, the outlook for August is a new record in terms of both production and sales of new vehicles. However, Belini not speak in numbers to those forecasts.
By the end of the year, Anfavea predicts a 4% growth in auto sales. To keep sales heated right after the end of the IPI reduced Belini believe a resumption of the Brazilian economy. "We believe it is essential that Brazil will continue the pace of economic expansion, with more credit, reduction of interest rates and GDP growth (GDP) across the economy, will be critical to the growth of the sector," he said.
Regarding the possibility of layoffs in the factories of General Motors (GM) in Sao Jose dos Campos, Belini said the level of jobs across the sector has increased, generating 3,100 jobs since the beginning of the benefit of the IPI. "It is in line with what was agreed with the government, which is the average of the sector to continue to grow."
Source: Agency Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.