Brazil: Engine trouble

JOE LEAHY, FINANCIAL TIMES, 8/4/2015 

The boardroom of heavy vehicle maker MAN in São Paulo is decorated with a Boys’ Own collection of model trucks, soccer balls and the jerseys of local football teams.

Jirau hydropower plant construction site. Credit:Mario Osava/IPS

Jirau hydropower plant construction site.
Credit:Mario Osava/IP

But the toys do little to lift the mood here. Once a champion of the Brazilian corporate world with double-digit growth rates, the truck industry, like the national football team which was thrashed by Germany in last year’s World Cup, has fallen on hard times.

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