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BMW, others bet on Brazil but benefits trail Mexico

2014-11-02 14:22:31| Auto Dealers - Topix.net

Carmakers are investing more than $30 billion by 2018 to expand or open more factories in Brazil than ever before, but that doesn't make the market a success story. BMW spent $250 million on its first factory in Brazil, which started operating earlier this month and will reach annual output of 32,000 cars in three to four years.

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