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GM, Hyundai, Volkswagen and Stellantis suspend car production in Brazil

  • March 21, 2023
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Four major automakers have announced collective holidays from March to April at factories in Brazil: General Motors, Hyundai, Volkswagen This stellantis. Among the reasons that prompted the decision

GM, Hyundai, Volkswagen and Stellantis suspend car production in Brazil

Four major automakers have announced collective holidays from March to April at factories in Brazil: General Motors, Hyundai, Volkswagen This stellantis. Among the reasons that prompted the decision is the lack of components for production. Stops were applied so that production could be adjusted to market demand. Thus, they will avoid over-stocking, mainly under the current economic scenario.

The lack of components for production affected (…) Stops were [tambĂ©m] applied in such a way that production can be adjusted to market demand.

A high inflation influenced the decision. The increase in car prices has been felt since 2020 and has not slowed down so far. Improvements in this area are expected to be felt this year, as recently predicted. anfaway (National Association of Automobile Manufacturers).

(Loans: GM from Brazil)

ANFAVEA President expected higher growth in the sector

Marcio de Lima Leitethe president ANFAVEA, during a press conference held last month, mentioned that even with an increase in sales of about 13% in January, more growth is expected. According to the businessman, lowering interest rates is important for the sector to start growing again. Milk explained: “the results of the first two months, limited by credit conditions and supplies, reinforce the need to help restore the market and local production chains.“.

“The results of the first two months confirm the need to promote the recovery of the market and local production chains,” says Marcio de Lima Leite.

At the time of this article’s publication, the four mentioned automakers, General Motors, Hyundai, Volkswagen This stellantisconfirmed that under the current scenario collective leave is needed. what is your opinion about this topic? Please share your thoughts on this and stay tuned. connected world receive a variety of news!

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