Truck builder to increase output at Rio de Janeiro facility
Date added: 20th January, 2010 at 12:58
(view all articles from January, 2010)
Individuals and businesses may be encouraged to make an investment in Rio de Janeiro's automotive sector after a major manufacturer said it plans to increase production in the state.
German conglomerate MAN Latin America will increase its current output from 50,000 to 72,000 trucks per year in the region, creating 700 new jobs in the process at its Resende production line, the firm's president Antonio Roberto Cortes revealed.
Brazil's economy has picked up to such an extent that truck sales in the country will rebound to pre-recession levels this year, he told the Financial Times.
He added that Brazil, India and China "will have recovered much earlier than the rest of the world" from the effects of the global economic downturn.
This development follows on from PSA Peugeot Citroen's recent announcement that it will also increase output at its plant in Rio de Janeiro.
It will increase its annual capacity by 32 per cent from 2009 levels, its president of Brazilian operations Vincent Rambaud told the Wall Street Journal.
Related Articles
Carnival revellers 'could save by staying outside Rio de Janeiro'
Date added: 19th January, 2010 at 12:46
(view all articles from January, 2010)
Peugeot to expand production in Rio de Janeiro
Date added: 19th January, 2010 at 09:00
(view all articles from January, 2010)
Ford reveals new investment in Brazil
Date added: 18th January, 2010 at 09:35
(view all articles from January, 2010)