EXCLUSIVE: BRAZIL: Maxion to invest $US15 million in new diesel launches

By just-auto.com editorial team | 20 March 2001

Maxion International Motores will invest $US15 million this year launching new locally-made diesel engines, writes Rogério Louro Alves.

The first engine, a 2.8-litre unit developing 135 hp, will debut in May.

The company expects sales to grow eight percent in 2001 after selling engines worth $US275 million last year.

Maxion plans to invest $US50 million in its plants in Brazil and Argentina over the next five years.

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