Vehicle demand in Brazil indicates expansion

Tuesday, 25 May 2010 09:22:34 (GMT+2)

Brazil has positioned itself to be the fourth-largest market in the world for automobile sales in 2010, according to a May 24 report in the Financial Times. 

This moves the South American country up one notch from 2009, where it ranked fifth behind China, the US, Japan, and Germany.   General Motors, Volkswagen, Fiat, and Ford Motor Company all report expected earnings increases between five and seven percent for FY 2010, further stating the forecasted rate of expansion could continue through the 2014 world cup and 2016 Olympic Games.

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