Volkswagen AG is set to reduce working hours and wages at its Sao Bernardo do Campo factory located in Brazil as it deals with a lack of auto parts and …
Tag:
cars in Brazil
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Great Wall Motor will invest 11.5 billion yuan ($1.81 billion) over the next decade in building electric vehicles in Brazil where it has acquired a factory from Daimler AG. The Chinese …
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Volkswagen has finalized a commitment to introduce a new investment cycle in Brazil, the continent’s top auto producer, its chief executive for South America informed Reuters in an interview on Friday. …
- General Motors
General Motors to furlough workers in Brazil plant for 20 days
by SpeedLuxby SpeedLuxGeneral Motors said on Friday it would furlough all workers at one of its Brazil plants for 20 days in March due to maintenance and updating of factory lines, resulting …
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Brazil’s President Jair Bolsonaro on Tuesday attributed Ford Motor’s decision to close its three plants in Brazil to the end of multibillion-dollar subsidies provided by the government. “What does Ford …
- Ford
Ford to close three plants in Brazil, take $4.1 billion in pretax charges
by SpeedLuxby SpeedLuxFord Motor said on Monday it will shut its three plants in Brazil this year and take pretax charges of about $4.1 billion as the COVID-19 pandemic amplified the automaker’s …