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Brazil manufacturing PMI rises to 5-month high in July, IHS Markit says

Brazil manufacturing PMI rises to 5-month high in July, IHS Markit says
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Ford to close Brazil manufacturing operations, take $4.1 billion in charges


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DETROIT/SAO PAULO (Reuters) - Ford Motor Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about $4.1 billion as the COVID-19 pandemic amplified the company’s under use of its manufacturing capacity.
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay/File Photo
Production will cease immediately at Ford’s plants in Camaçari and Taubaté, with some parts production continuing for a few months to support inventories for aftermarket sales. The Troller plant in Belo Horizonte, Brazil, will continue to operate until the fourth quarter. ....

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