BRAZIL: Tax credits and cheaper finance coming to revive automotive sector - report
A government plan to kick-start Brazil's stalled automotive sector should be implemented this year and include tax credits for car makers and cheaper financing for consumers, the country's planning minister said on Monday, according to Reuters. 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 manufacturers such as Volkswagen, the report added.
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