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Carmakers in crisis-ridden Brazil are looking for the way out

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By Thierry Ogier in São Paulo Car manufacturers have suffered the brunt of the recession in Brazil in the past two years. The shock was made even worse by the fact that they did not really see it coming. Earlier forecasts have proven far too optimistic. Domestic sales fell by 7 percent last year compared to 2013, and they have been collapsing this year ( – 20 percent in the first nine months of this year, compared to the same period in 2014). But last February, Anfavea, the association of Brazilian carmakers, had predicted zero growth in sales. Earlier this […]
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