Brazil- A Place Attractive to Car Manufacturers

Brazil is the 5 largest automotive market. In addition to the factories under construction, it continues to attract many domestic and foreign car manufacturers to evaluate the possibility to set up plants there. Some manufacturers from Italy, South Korea, Japan, and China have already planed to set up plants  or signed memorandums with Brazil in the past 2 years. The leading truck manufacturer in the U.S., Paccar also plans to invest USD0.3 billion in the plant setup in Brazil in order to broaden its market there and other Southern American markets.