Thursday, August 5, 2010

Brazils February car outlay jumps 23.9 pct on year

Thu Mar 4, 2010 8:38am EST Related News UPDATE 1-Brazil Feb auto sales rise after Jan slump-dealersWed, Mar 3 2010Brazil auto sales up 4.8 pct in Feb vs Jan-dealersWed, Mar 3 2010Brazil Feb auto sales hit 221,000-finance ministerTue, Mar 2 2010UPDATE 1-GM sees Brazil car sales rising 5 pct in 2010Thu, Feb 18 2010 Stocks & &

SAO PAULO, March 4 (Reuters) - Automobile output in Braziljumped 23.9 percent in February from a year earlier, thenational automakers" association Anfavea said on Thursday.

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Carmakers produced 253,200 units last month, with sales of221,000 units, the association said. February output rose 2.8percent from January, it said.

Brazil, Latin America"s largest economy, is a major marketfor Italy"s Fiat SpA (FIA.MI), Germany"s Volkswagen AG(VOWG.DE), and U.S.-based General Motors Co [GM.UL] and FordMotor Co (F.N). (Reporting by Alberto Alerigi Jr.; Writing by Elzio Barreto;Editing by Gerald E. McCormick)

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