Pursuits
Audi Resumes Brazil Car Output in Expansion Bid to Beat BMW
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Audi AG will revive vehicle production in Brazil next year as it looks to unseat Bayerische Motoren Werke AG as the global leader in luxury-car sales and to strengthen its position in Latin America.
The Ingolstadt, Germany-based unit of Volkswagen AG plans to invest 500 million reais ($221.8 million) in Latin America’s biggest economy by 2016, Chief Executive Officer Rupert Stadler said yesterday after meeting with President Dilma Rousseff in Brasilia. Audi expects to sell 30,000 cars in Brazil by 2018 including imported units.