Brazil Breaks Auto Export Record
Oct. 08, 1997
SAO PAULO, Brazil (AP) _ Brazil's auto industry set new monthly production and export records in September, the National Association of Automotive Manufacturers said Wednesday.
A total of 201,185 vehicles were produced last month - a 22.6 percent increase over the 164,000 made in September of 1996. The previous record was set in April when 194,667 units were produced.
Production for the first nine months of 1997 totaled 1.6 million units - 18 percent higher than a year earlier.
The association's president Silvano Valentino said another 530,000 vehicles should be produced between October and December ``which will put us over our original year-end target of 2.1 million.''
Exports reached a record high in September with 41,000 vehicles sold overseas - 41 percent more than a year earlier.
Total exports over the first nine months of 1997 came to 285,000 units, a 30 percent rise over the 219,000 vehicles shipped abroad during the first nine months of 1996.
The association said South America accounts for more than 90 percent of all exports.