PRLog (Press Release) –
Jun 13, 2007 – Latin America automotive market review February 2007 - Management briefing
This month's briefing reviews the Latin American automotive market. With 86% of cars and light commercial vehicles sold in Brazil in 2006 running on petrol or ethanol, it looks the domination of flex fuels in the Brazilian market.
The report introduces the Brazil-Argentina trade accord, a new two-year "flex agreement" allowing US$195 of duty-free car imports for every US$100 of exports.
It highlights how global vehicle makers are recognising the small car R&D skill base, and are starting to entrust development of small cars to Brazilian technical centres. This is backed up by car production and sales data, plus commentary on manufacturer strategies.
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