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Ford’s South American supply chain shift follows long-term Brazil downturn

Brazil 352 China 2678 Cons. Discr. - Autos 983 Coronavirus 460 European Union 684 Quote Watch 284 U.S. 4753

Ford will end production in Brazil due to “persistent idle capacity and slow sales that have resulted in years of significant losses” and will rearrange its South American vehicle supply chain to maintain sales of all but three models in the country. The Brazilian autos industry appears stuck in a downturn with sales in December down by 7.6% year over year while a production improvement of 21.1% was largely down to a surge in exports likely linked to Volkswagen. Ford’s Brazilian downturn can be seen in its supply chain activity, with imports which dropped by 69.4% year over year in Novem...

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