Brazil Offers Tax Incentives For Local Ford Unit To Expand
"Incentives will come from both the state and the federal governments," said Bahia Governor Jacques Wagner in an interview with the BandNews radio network. Wagner made the comments following a meeting with Brazilian President Luiz Inacio Lula da Silva and the president of Ford's Brazilian unit, Marcos de Oliveira.
Spokesmen for Ford were not immediately available for comment.
Wagner said Ford will invest the equivalent of some $1.6 billion in its existing plant at Camacari in Bahia. The objective of the investment is to boost output at the plant from the current 250,000 cars per year to 300,000.
-By Tom Murphy, Dow Jones Newswires; 55-11-2847-4519; brazil@dowjones.com
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Publié le 20 novembre 2009 Copyright © 2009 Dowjones
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