Brazil to Stimulate Automotive Sector: Daily

By William Jones, Contributing Reporter

RIO DE JANEIRO, BRAZIL – The finance minister in Brazil, Guido Mantega, confirmed that the government is preparing a new stimulus package for the automotive industry as the sector continues to face job cuts and declining sales. The government's special program will allow people to receive credit in order to buy a car in an effort to ramp up sales.

The repayment is spread over an average of 48 months and a guarantee fund . . .

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