Brazil Auto Program to Spur Investment, Mantega Says

The automotive regime announced by Brazil’s government today will stimulate investment, innovation, and job creation in the industry, Finance Minister Guido Mantega said.

The measures will also bring benefits to consumers, Mantega said to reporters in Brasilia. The industry will receive $22 billion in investment over the next three years, he added.

(Corrects to say $22 billion investment in three years.)
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