The Botswana Gazzette , 8/13/2012
SAO PAULO (AFP) – Rising demand and government incentives are prompting foreign carmakers to boost their investment in Brazil, which analysts say could become the third largest auto market in the world as early as 2015.
Industry group ANFAVEA forecast that domestic sales of cars and light commercial vehicles may grow by four to five percent this year compared to 2011, with up to 3.81 million vehicles.
Production is slated to reach 3.49 million units, up about two percent from last year, the National Association of Motor Vehicle Manufacturers added.
