Anfavea president says automakers profit is not high

Anfavea president says automakers profit is not high

Contrary to what is widely reported, the automakers do not get big profits in Brazil. At least that's what he said Luiz Moan, president of the National Association of Automobile Manufacturers (Anfavea) on Tuesday (25), during a public hearing in the Senate.

The officer said that between 2003 and 2011, the average annual profit of manufacturers in the country was 2.7%, while the world average in the same period was 3%. Moan also said the automotive sector as a whole accounts for 21% of industrial GDP in Brazil and 5% of the total GDP.

Have Fl?vio Meneguetti, president of the National Federation of Distribution of Motor Vehicles (Fenabrave), cited another surprising. Taking the example of a car sold on the market for ? 43,000, ? 25,000 of this amount goes to the automakers, U.S. $ 12 billion in taxes and are discounted, taking into account other costs, the gain of semi translates into mere R $ 200 or R $ 300.

Read more automotive news

Ford Edge close to a serial concept will bring to Los Angeles

New details about a crossover of Ford Edge 2015 of modelling year start to appear. Close to serial a prototype of a novelty should show already one of these days on an auto show in Los Angeles.

Porsche shows steering system enables the rear wheel of the new 911 GT3

One of the novelties of the 2014 Porsche 911 GT3 is its system of active steering of the rear wheels, which help the front contour curves. The adoption of this solution in a production car in assembler and is unprecedented in this video, we can see it working first.

New Audi RS6 Avant is caught

The Audi RS6 Avant launched in 2013, but already working on her facelift. Spies FOUR WHEELS photographed 2015 model station wagon while testing in Europe, still covered by a relatively heavy camouflage.

Brabus model launches with Apple products

The Brabus 800 iBusiness announced the model, based on the Mercedes-Benz G65 AMG, fitted with many Apple products, which will be presented at the Geneva show next week.

Chrysler announces new marketing director in Brazil

Adriano Resende took over as director of marketing for Chrysler Group in Brazil. Moreover, it will also be the Jeep Brand Manager for Latin America.

Volvo reveals S60 V8 Supercar

Volvo presented on Thursday (13) Motorsport Park in Sydney, the S60 V8 Supercar. Facing the slopes, the model will attend the traditional V8 Supercars Championship event played on Australian tracks.

Lamborghini already has 700 orders for the Huracan

In the last days of 2013, Lamborghini released the first official pictures and information about Huracan, the Gallardo replacement. According to the manufacturer, since then, 700 orders have already been made by the model.

Polo GTi 2015 must earn a stick shift

Although the Volkswagen Polo GTi have suffered minimal aesthetic changes in the United States, the model should gain considerable mechanical changes in his version in 2015, such as the inclusion of a manual transmission because of complaints from consumers who felt the lack of this option.

To meet demand, the Land Rover factory operates 24 hours a day

Land Rover sales are better than ever. That's because the British brand is failing to meet all requests for purchases in the UK.

NHTSA warns: 30,000 Tesla Model S can catch fire

The National Highway Traffic Safety Administration's (NHTSA), which is responsible for matters relating to traffic safety in the United States, revealed that Tesla convene a recall of 29,222 units of the Model S.