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Ford exit casts long shadow over Brazil’s car industry
US group’s withdrawal after a century of manufacturing is ominous sign for sector
World Economy News
1 Feb 2021 • 4 min read
Rui Costa could not hide his exasperation when Ford announced it was shutting its manufacturing in Brazil, including in his native Bahia, where thousands of people rely on the US carmaker for work.
“Brazil is intent to become a big farm,” said the governor of the vast state on the north-eastern seaboard. “What have we planned in the last five years to increase investment in technology and industrialisation? Nothing.”