Brazil Automotive Parts Automakers Accelerate Parts Imports
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Water pumps, fuel tanks and tires being brought in from abroad. General Motors do Brasil (GMB) is accelerating the pace of imported auto parts in order to take advantage of the cheapening of imports due to the weakening of the dollar in relation to the real. "Last year, 10% of the components used in Brazilian vehicles were imported from Europe, Mexico and Asia, and this year the strategy is to increase that percentage," said the president of the subsidiary, Ray Young, who cited as an example of what was being brought in from abroad water pumps, fuel tanks and tires. This latter item could be imported from China.