Brazil’s
automotive parts makers syndicate (Sindipeças) has announced that vehicle
components sales grew by 7.1 percent in 2000, writes Rogério Louro Alves.
The manufacturers sold parts worth $US12 billion last year compared with $US11.2
billion in 1999. Sales to vehicle makers accounted for 56 percent of production.
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Manufacturers exported parts worth $US 3.8 billion but this was offset by parts
imports costing $US 4.1 billion.
Sindipeças expects a further increase of 10 percent this year on the
assumption that Brazilian vehicle output will increase 16.7 percent to 1.95
million units.
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By GlobalDataWorld
automotive components: Market prospects to 2005
