Brazilian motor vehicle production for the period January through October reached 2.237 million units, a 28.5% rise over the same period a year ago, the National Motor Vehicle Manufacturers Association (Anfavea) said Wednesday. Ten-month domestic sales were up 9% while export sales soared 57%, aided by regional trade agreements. Production has been kick started by lower interest rates and rising employment. The industry is staging a dramatic comeback in 2017 following two years of recession. Rising sales have sparked increased investments by motor vehicle manufacturers.
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