Brazil's car output falls as sales continue to struggle

May 08, 2012 | 06:12 AM |

Car production in Brazil fell by 15.5% month-on-month in April, to 260,820 units, the country’s automotive industry association, Anfavea, said on Tuesday May 8.
In the January-April period, Brazilian carmakers produced 998,930 vehicles, down 10.1% year-on-year.
Such a decline is due to high inventory levels and reduced credit availability, according to Anfavea. ....

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