SEVENTEEN CARMAKERS operate or are building assembly plants in Brazil - more than in any other country.
'Brazil's auto industry will build 3 million units a year from 2002 onwards,' said Jose Carlos Pinheiro Neto, the newly appointed president of car industry association Anfavea. He is also director of corporate affairs and exports at GM do Brasil.
Pinheiro Neto said production would reach 2 million units this year despite 'a momentary stagnation.'
Ford has revised its sales forecast for Brazil. At the beginning of the year the company expected the total car and light van market to fall 20 percent. Now Ford expects its own 1998 sales to rise 1.5 percent to 272,000 units.