Brazil’s Sao Paulo State To Offer Tax Incentives To Automakers

www.oann.com | 2/26/2019 | Staff
joseph76 (Posted by) Level 3
SAO PAULO (Reuters) – Brazil’s Sao Paulo state said on Friday it would offer fresh tax incentives to automakers, weeks after Ford Motor Co said it would shut down a plant there with 3,000 employees and General Motors Co hinted it might do the same before backtracking.

Sao Paulo is the historical center of Brazil’s auto industry, which was one of the world’s five biggest until a recent downturn from which it is still recovering. It has been losing ground in recent years to other Brazilian states which have showered automakers with incentives.

Sao - Paulo - State - Governor - Joao

Sao Paulo state Governor Joao Doria said at a press conference that the state...
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