VW to pay victims of Brazil dictatorship in landmark settlement
Volkswagen will pay about 36 million reais ($6.5 million) in compensation and donations to atone for the persecution of former employees during Brazil’s 1964-1985 military dictatorship, the automaker said. A government-appointed commission investigating abuses during Brazil’s dictatorship found evidence that companies…
BYD opens EV battery plant in Brazil
BYD Co., a leading Chinese electrified vehicle maker, started producing batteries in Brazil this month to supply locally assembled electric vehicles. The $2.7 million plant — in Manaus, a city in the northern Brazilian state of Amazonas — is building…
Brazil to keep Car Wash anti-corruption squad active through at least January
By Gram Slattery and Ricardo Brito RIO DE JANEIRO (Reuters) – The office of Brazil’s top prosecutor has decided to keep the country’s famed Car Wash anti-corruption task force active through Jan. 31, it said in a statement on Wednesday,…
Brazil auto industry prospects still bleak even after August recovery, Anfavea says
SAO PAULO, Sept 4 (Reuters) – The Brazilian auto sector bounced back in August, but the recovery is not strong enough to prevent layoffs in an industry still reeling from an economic downturn during the coronavirus health crisis, a sector…
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