Auto News 5

Although results are not yet discernible, Brazilian auto makers and their supporting components industry reckon the real's escalating against the US dollar will see a gradual recovery of export sales. It's been a while since Brazilian cars and parts were competitively priced in other markets and recovery is likely to be slow, not least due to a lack of new free-trade agreements (FTAs). Brazil has just signed its first with north western neighbour Colombia and another with Uruguay, on the southern border.