BRAZIL: Government cuts tax to spur car sales - report
Brazil's government on Tuesday unveiled a plan to kick-start the nation's stalled automotive sector with a tax cut for car makers meant to bring consumers lower prices and prevent further industry layoffs, according to Reuters. The news agency said the measures are aimed at reversing a sharp downturn in car sales in Brazil that have led to a recent round of job cuts at auto makers, including nearly 4,000 at Volkswagen last month.
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