Brazil builds record 3.74M cars in 2013

SAO PAULO: Brazil produced a record 3.74 million vehicles in 2013, up 9.9 percent over the previous year, a rise fueled by the farm sector and surging exports, according to industry figures.

In 2012, this Latin American economic giant, the world’s fourth-largest car market, churned out 3.4 million units, the National Association of Motor Vehicle Manufacturers (Anfavea) said last week. But output in December reached 235,000 units, 12.1 percent down from the same month of 2012, it noted.