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Hoping to keep the sales momentum going, Brazil extends to the end of the year tax cuts on car...

Hoping to keep the sales momentum going, Brazil extends to the end of the year tax cuts on car purchases. In addition, the government makes lending easier by reducing the reserves banks must hold against auto loans. Part of the program also includes raising tariffs on imports, a move already causing a rush of foreigners planning plants in the country.
Comments (1)
  • Does the Brazilian government pay you to purchase an electric car like here in the States?
    24 Oct 2012, 04:09 PM Reply Like
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