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.
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