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Automotive Antagonism: Brazil's Manufacturing Magnates Battle
Brazil's automotive sector faces unprecedented challenges as four major manufacturers unite against proposed import incentives. Toyota Brasil President Evandro Maggio, alongside Volkswagen, Stellantis & General Motors executives, warned President Lula da Silva that semi-knocked-down & completely-knocked-down vehicle import policies threaten domestic manufacturing, employment & technological development. The joint letter emphasizes that Brazil's automotive industrialization created substantial economic & social benefits while establishing world-class engineering capabilities that require continued local production support.
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