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Volkswagen Brazil’s president pointed to union suppression of opposition as the decisive factor in the “largest post-pandemic investment by an automaker in the country.”
Brazil's new incentive program to promote investment in sustainability by the country's auto sector needs to avoid making vehicles more expensive, Volkswagen's head of Brazil Ciro Possobom said. Late last year, the Brazilian government introduced general guidelines for its Mover automotive program, which is set to give tax breaks to automakers that invest in sustainability and establish new obligations to reduce the industry's environmental impact. Earlier this month, Volkswagen announced an additional $1.8 billion to be invested in the country between 2026 and 2028, with...