Between weak growth in America, a recession in Europe and a slowdown in Asia, there is often not good news for the global economy. But the indications of recovery, apart from the first light in China, they abound in Brazil. In August, industrial production increased sharply over July, and it was the car that drove. This is not a 'flame in the pan' economic situation: the automotive industry is in a structural expansion trend. Brazil moves along that magical border, when the middle class expands and suddenly millions of families appear on the car market who have reached the level of income necessary to purchase a four-wheeled vehicle.
La President Dilma Roussef has just inaugurated the foundation stone of a BMW factory in the state of Santa Caterina (in the south of the country). Not only that: Land Rover and Renault-Nissan have announced the construction of new factories. It is estimated that between now and 2015, in just three years, the production capacity of the Brazilian car will increase from 4,3 million to 6,6 million units. Certainly, there is excess production capacity throughout the world, but it is concentrated in Europe and Japan. But the Brazilian initiatives are based on the belief that the increased production will be absorbed by domestic demand.
http://riotimesonline.com/brazil-news/rio-business/auto-industry-boosts-brazil-recovery/#
