Auto production and sales in Brazil surge
Auto production and sales in Brazil surge as confidence returns — MercoPress.
The article linked above chronicles the increases of auto production and sales following the governments tax reductions on auto purchases. Auto sales hit a record in June. From the article:
A combination of tax breaks, lower prices and improved confidence has sent consumers flocking to showrooms, industry executives said last week. The June data underscore the success of President Lula da Silva’s tax breaks on vehicles and home appliances to revive industrial production and pull the economy out of recession.
Contrast the result of tax breaks in Brazil against the “stimulus package” path being followed by the U.S. government.
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