Ford will shut all three of its production facilities in Brazil this year and import vehicles from other markets in South America, including neighbouring Argentina and Uruguay, to meet demand in the country.
The decision means the closure of plants at Camaçari, Taubaté, and Horizonte. Ford said the Covid-19 pandemic had worsened an already unfavourable economic environment in Brazil, which had led to persistent idle capacity and reduced sales in the country, compounding years of significant losses.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
Register free now to stay up-to-date with the latest industry developments, trends, and analysis, to find in-depth reports and intelligence and to connect with your peers.
Your free registration includes:
Gain access to our exclusive content and features register free today
Non-registered users are able to access two AMS exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
Facing inancial woes and tariff challenges across both its North American and European arms, Stellantis’ senior management will be tested and stretched more than ever.
Hyundai and Skoda will work together on hydrogen fuel cell technologies for mobility applications.
Ford cancels planned three-row EV SUV, delays opening of Tennessee EV plant and realigns US battery cell production.
