In 2023, Brazil’s automotive sector saw a 1.9% decrease in vehicle production, totaling 2.32 million units This was slightly less than the 2.36 million vehicles produced in 2022. The primary source of this information is Anfavea, the National Association of Motor Vehicle Manufacturers. The year saw mixed trends within the industry. Light vehicle production increased […]
Related Posts
Positivo Reports Record Profit, Eneva and Eucatex Face Setbacks in Q1 2024
Positivo (POSI3) reported a net profit of R$64.3 million ($12.5 million) for the first quarter of 2024. This profit is a significant increase, 7.5 times higher than the same period in 2023. It marks 65 percent annual growth. According to the company, this is the highest first-quarter net profit ever recorded. The company’s EBITDA for […]

In the first quarter of 2023, China emerged as the leading global car exporter, surpassing Japan
The first six months of 2023 saw a significant rise of 75.7% in car exports from China, as the China Association of Automobile Manufacturers (CAAM) reported. In this period, China exported a total of 2.14 million vehicles, with electric cars accounting for about 534,000 units. This shows a 160% increase in overseas electric car sales […]
Petrobras Proposes 50% Dividend Payout Amid Board Tensions
On Friday, the Petrobras Board of Directors proposed releasing 50% of their extraordinary dividends, which amounted to R$43.9 billion ($8.74 billion). This decision is up for review at the Extraordinary General Meeting scheduled for April 25, alongside the Ordinary General Meeting. President Luiz Inácio Lula da Silva approved the proposal amid rising tensions between Petrobras’ […]