For a while, it looked like carmakers were about to give up production in the country 03/07/2024 Stellantis’s unit in Goiana: carmaker announced an investment of R$30 billion in Brazil over the next five years — Foto: Divulgação For a while, it seemed as if carmakers were on the verge of abandoning production in Brazil. […]
Carmaker bets on hybrid models to make electrification accessible to the middle class 03/07/2024 Carlos Tavares — Foto: Wenderson Araujo/Valor Stellantis CEO Carlos Tavares concluded that offering only fully electric cars worldwide would make the industry lose most of its customers, who are in the middle class. Therefore, while sticking to decarbonization goals, he has […]
MURRAY ADVOGADOS
By the end of the first two months, purchases had reached only 20% of what was expected, half of what was sold in previous years 03/06/2024 Marcelo Altieri — Foto: Divulgação Fertilizer sales in Brazil have never been so slow, according to companies in the sector, reflecting farmers fearful of crop failures and climatic problems. […]
Market and political issues explain R$11bn investments until 2030 03/06/2024 Evandro Maggio — Foto: Divulgação The circumstances that led Japanese automaker Toyota to announce an investment package of R$11 billion for Brazil until 2030, the largest in the company’s 66-year history in the country, include market and political issues. In an interview with Valor on […]
Sources say talks are in the initial stages; airline had also approached Latam years ago 06/03/2024 Azul’s proposal is expected to be launched during the formulation of Gol’s exit financing—a type of financing granted to companies facing reorganization — Foto: Leo Pinheiro/Valor Azul Airlines is considering making a bid to acquire the operations of its […]
In 2023, almost 16% of new benefits were obtained through the courts 03/05/2024 Alessandro Stefanutto — Foto: Wenderson Araujo/Valor The National Institute of Social Security’s (INSS) pension contribution’s benefits granted by court orders in 2023 reached a new record: of the 5.964 million new benefits granted last year, 15.85% came from court decisions. Litigation is […]
Carmaker’s announcement demonstrates “confidence” in Brazilian economy, Geraldo Alckmin said 03/04/2024 Geraldo Alckmin — Foto: Cadu Gomes/VPR Vice President Geraldo Alckmin said Sunday (3) that he was about to attend an event on Tuesday (5) at Toyota to announce an investment of R$11 billion in Brazil for the production of new vehicle lines. According to […]
Despite federal government compensation, states could face tough 2024 after losing revenues from taxes, federal grants 03/04/2024 Renata dos Santos — Foto: Ricardo Ledo/Valor While the federal government compensated states for losses from lower collection of the Tax on Circulation of Goods and Services (ICMS), the combined revenues of Brazil’s 26 states and the Federal […]
Economists discuss whether it’s time for monetary authority to revise forecasts of 50bp cuts in key interest rate 03/04/2024 Gabriel Galípolo — Foto: Pedro França/Agência Senado As monetary easing progresses in Brazil, a debate is gaining momentum in the market as to when the Central Bank’s Monetary Policy Committee (COPOM) will adjust the communication of […]