Record Month for Brazil’s Auto Industry

    The Brazilian auto industry had its best month of the year in August with production reaching 198,058 units. That is the most ever produced in August. It is 5% more than in July, and 47% more than in August 2003.

    For the year (January to August), total production reached 1,424,900 units, compared to 1,274,900 during the same period in 2003.

    Exports of vehicles are also up. For the year the increase is running at 17.4%, compared to the same period in 2003. August vehicle exports were up 5.5% over exports in July.

    Farm machinery exports also rose 8.5% in August, compared to July.

    Total sector exports (vehicles and farm machinery and equipment) for the year were up over 55%, compared to the same period last year.


    Last month, President Luiz Inácio Lula da Silva took a drive in Brazil’s first multi-fuel car, an Astra Multipower 2.0 sedan, which can run on gasoline, alcohol, or any combination of the two, as well as natural gas.

    According to minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, the country is testing innovative technologies in the auto sector.


    First, the bi-fuel (gasoline and alcohol) vehicle, and now the multi-fuel. “Our intention is to export this technology. We have had strong performance in vehicle exports, not just automobiles, but heavy vehicles and equipment,” said the minister.

    Furlan explained that the multi-fuel vehicle would probably be best employed in urban areas where the traffic is heavy and the optional use of natural gas would be pay off. He said the use of such vehicles could give the natural gas sector a boost.

    Furlan said the Ministry of Finance was studying calls by the auto sector for reduced taxes on multi-fuel vehicles.

    Agência Brasil

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazil's Petrobras rig

    What’s Wrong with Brazil’s Once-Thought-Indestructible Petrobras

    It is widely believed that the countries which best manage their energy needs today ...

    Brazilian Surplus Tumbles Due to Strong Import Growth

    Brazilian exports totaled US$ 2.325 billion last week, 3.47% more than in the previous ...

    Dramatic Jump in Brazil’s Dairy Exports

    Through August of this year, Brazil exported more dairy products than it did in ...

    Chinese Goods Grow 229% in Brazil. Sanctions Only After Talks with Beijing.

    Brazil’s Minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, says that the ...

    Powell to Discuss World Hunger with Brazil’s Lula

    The arrival of United States Secretary of State, Colin Powell, in Brasília, capital of ...

    Brazil Ready to Produce Bird Flu Vaccine in Two Months

    Isaias Raw, president of the Butantã Institute, in São Paulo, informed that within 60 ...

    Lula with Ahmadinejad

    Iran Thanks Brazil for Supporting Its 20% Uranium Enrichment Plan

    Speaking at a press conference in Brazilian capital Brasília the Iranian ambassador to Brazil, ...

    Brazil Reaches Out to Companies to End Slave Labor

    To eliminate workers exploitation is the objective of the National Pact for the Eradication ...

    Building material from Brazil

    Arabs Increase Buys from South of Brazil by 52%

    Sales from the state of Paraná, in the Brazilian South, to the Arab market ...