Brazil’s Auto Industry May Suffer Due to Neighbor’s Economic Crisis

With the weak Argentine market Brazilian automakers are looking to other countries to export their vehicles.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s vehicles exports this year may suffer due to the economic crisis in Argentina, according to Brazil’s National Association of Automobile Manufacturers.

"Unfortunately, this year, vehicle exports will not register the best news," Antonio Carlos Botelho Megale, president of the National Association of Automobile Manufacturers (Anfavea), said this week.

"Our main problem is our main partner, Argentina, which unfortunately is in a very difficult (economic) situation,” added the Anfavea official.

According to Megale, the Subscribe to our Premium Membership Plan. Already Subscribed?