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Brazil’s CAOA in talks to buy Ford factory

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Brazil’s CAOA in talks to buy Ford factory Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to a source with direct knowledge of the matter. Ford announced earlier this month that it would shut down its São Bernardo do Campo plant, a sprawling complex in a suburb of São Paulo that employs some 3,000 people. Reuters reports. Moody’s sees a “trilemma” for Mexico’s credit rating The Mexican government faces tough choices if […]
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