BRIEFING: Latin America automotive market review
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, just-auto looks at 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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