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    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…

    By [email protected]_84 September 24, 2020
  • automotive news

    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…

    By [email protected]_84 September 10, 2020
  • top automotive companies

    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,…

    By [email protected]_84 September 10, 2020
  • automotive industry

    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…

    By [email protected]_84 September 7, 2020

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