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Nissan has opened its USD $1.5 billion industrial complex in Resende, Rio de Janeiro, Brazil, marking it one of the largest automotive investments by any manufacturer in the country, according to the automaker.
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Renault Group has announced a new investment cycle in Brazil in the amount of R$ 500 million (€162 million) over the 2014-2019 period. This investment will be channeled into the development of two new cars at Renault’s plant in Curitiba.
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Global automotive growth was seen in the passenger car markets in Western Europe (+6 percent) and Japan (+19 percent), while, in China, demand for passenger cars recorded a double-digit increase (+22 percent).
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Nissan has announced that it will open an engine plant at its new vehicle plant in Resende, Brazil.
Read More →The Brazilian government stated it will gradually roll back tax breaks on cars 2014, amid worries from producers that higher duties could hit sales in the South American country.
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PACCAR recently opened its new DAF assembly plant in Brazil.
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In 2014, Ford Motor Company will launch 23 new vehicles to customers around the world, open three more manufacturing facilities and add more than 5,000 new jobs in the U.S. to meet growing demand for its products.
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Brazil is now the second biggest market for Renault, and sales there grew by 24.3 percent in 2012, four times as fast as the market (6.1 percent). Brazil is also the fourth-biggest car market in the world.
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Beginning in March of 2014 there will be two new public transport vehicles on the streets of Sao Paulo, Brazil. Sao Paulo Transit (SPTrans) has partnered with electric bus manufacturer -- BYD Company Ltd.
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Ford introduced its all-new Ford Ka Concept as an entry-level vehicle for urban consumers in Brazil and other key markets around the world.
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