The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
Brazil’s automotive sector was among the industries hit hardest by COVID-19. It suffered from disruptions in global supply chains, lockdown restrictions and falling domestic vehicle sales. As exports also underperformed, mainly as a ...
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In 2019, motor vehicle output and sales in Brazil expanded for the third consecutive year, thanks to the recovery of the economy from the 2015-2016 recession, the improving labour market and declining borrowing costs. However, sector growth ...
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In 2018, Latin America consolidated its position as one of the largest and fastest-growing manufacturing and export hubs for motor vehicles. Amidst the sharp downturn of both production and sales of motor vehicles in Europe, Asia and Oceania, Latin ...
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The year 2019 was a challenging one for the global automotive industry, which reported a 5.2% y/y decrease in motor vehicle output, ending ten years of continuous growth. On the one hand, key markets reached maximum automobile ...
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In 2018, motor vehicle output and sales in Brazil rose for a second consecutive year, after a prolonged period of contraction. Acceleration in domestic demand stemming from greater consumer and business confidence, as well as record-low borrowing ...
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Latin America is well integrated in the global automotive supply chain, being an important manufacturing and export hub for motor vehicles – the legacy of active government policies for the development of domestic production and comprehensive ...
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In line with the beginning of the economic recovery in 2017, motor vehicle output and sales in Brazil rebounded after a prolonged period of contraction. Since 2014, the automotive sector in the country has experienced one of the deepest crises in its ...
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Over 2002-2013, the production and sales of motor vehicles in Brazil expanded at robust CAGRs of 7.8% and 8.9%, respectively. The rapidly growing domestic market attracted a strong wave of investment – during the period, a total of USD 24.6bn ...
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