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Volkswagen, Renault take COVID-19 pause in Brazil as export sales slide

Brazil 360 Cons. Discr. - Autos 1039 Coronavirus 479

Several of Brazil’s automakers, including Volkswagen and Renault among others, have paused production in the face of a renewed surge in COVID-19 cases. The Brazilian auto industry has already suffered a steady decline in domestic and export sales of 15.9% and 15.0% respectively year over year in February. As of January though most manufacturers had still been building up their imports of parts. Shipments linked to Renault increased by 77.8% year over year in January while those associated with Volkswagen climbed 34.7% higher.

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