The National Federation of Industry reported a drop in October from September. Year-on-year in October, revenue plummeted by 18%.
Production of the new model is expected to start mid-2018. The announcement was made during the event Tunisia 2020.
The money will go into the carmaker’s Porto Feliz, São Paulo unit, where engines for its Etios models are made. The facility will also start making Corolla engines.
Construction works for the plant will start soon in the Relizane province. In all, the project will require investments amounting to USD 180 million.
Nine agreements entered into in Tangier provide for USD 43.5 million worth of investment in car parts manufacturing.
Leather and footwear parts makers affiliated with an exports program grossed USD 223 million from foreign sales from January to October, up 35% from the comparable period of last year.
Foreign sales from Brazil amounted to 4,252 units from January to October, down 5.4% from the same months in 2015.
Exports from Brazil to Saudi Arabia and the United Arab Emirates slid in the first tehn months of the year. Overall, foreign sales increased both year-to-date and in October.
Food processing company announced to the market that it hired investments banks to assist in its search.
Hamad Al Ameri, CEO of Caracal International, is visiting the state and talks about the opening of a manufacturing plant of high-tech weapons for public forces.
Foreign sales from Brazil climbed in October from September, but dropped year-on-year, industry association Abraciclo reported.