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Auto Industry Boosts Brazil Recovery

By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – As signs of a recovery in Brazil’s economy continue to amass, the automotive sector appears to be leading the way with good news, with new assembly plants planned and reports pointing to major potential expansion in manufacturing capacity. Confidence in Brazil’s economy is generally on the increase, and the Industry Confidence Index (ICI) has now risen to its highest level since June 2011.

The run of good news continued earlier this month, when German car giant BMW Subscribe to our Premium Membership Plan. Already Subscribed?

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