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Brazil's Electric Car Surge: 2024 Sales Already Beat 2023 Totals

By May 2024, Brazil will have sold approximately 26,000 fully electric vehicles, surpassing last year's total by 7,000 units. ....

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Brazil revs up for jolt of hybrid car investments

Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America's biggest economy. Toyota, which has bet bigger on hybrids than fully electric cars, announced it would pump $2.2 billion into Brazil until 2030. ....

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Brazil's vehicle production figures are gloomy

Brazil's vehicle production figures are gloomy
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Brazil's inflation for March 2022 disclosed: highest in 28 years

Brazilian economic authorities have last week disclosed the monthly inflation for March of 2022: It was 1.62%, the highest for the same period in the last 28 years, making the year-on-year accumulation reach 11.30%, way above expectations. ....

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Ford shuts down operations in Brazil, destroying tens of thousands of jobs

Ford shuts down operations in Brazil, destroying tens of thousands of jobs
Ford announced on January 11 that it will end its production of cars in Brazil, shutting down its three plants in the cities of Camaçari, in the state Bahia; Taubaté, in the state of São Paulo; and Horizonte, in the state of Ceará. According to Ford, 5,000 workers will be laid off in Brazil. But tens of thousands more jobs are directly associated with its production chain, and a wave of dismissals is expected.
In a statement to its Brazilian customers, Ford declared: “As you know, the global automotive industry is undergoing a transformation process driven by new and emerging technologies in connected services, electrification and autonomous vehicles, with consumer demands and regulatory items reshaping the market.” ....

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