The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets on Wednesday August 12.
Brazil's automotive industry was gradually recovering from the restrictions imposed earlier in the year to curb the spread of the Covid-19 pandemic, which led to almost all vehicle and auto parts producers closing their doors in late March.Production has been recovering since then, albeit at a slow pace. Light vehicle output...