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Brazil Adds 7 Companies to New Auto Regime, O Estado Says

Brazil’s auto program has established import quotas for companies without raising taxes, according to the O Estado de S. Paulo newspaper.

Importers that work with automakers such as South Korean carmakers Hyundai Motor Co. (005380) and Ssangyong Motor Co. (003620), and Italy’s Iveco SpA were among those added to the program, the newspaper said today.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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