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

Porsche Launches Boxster and Cayman GTS GTS

Porsche officially announced the GTS version for the Boxster and Cayman models that will be sold starting in May.

Audi R8 e-tron will be produced on demand

Audi confirmed: the R8 e-tron will go into production. Ulrich Hackenberg, Member of the Technical Development team of manufacturer, told the website Autocar that the model will be available for order.

William Clay Ford dies at 88

Died today (9) morning, of pneumonia, William Clay Ford, 88, retired vice president of Ford Motor Company and the last living grandson of company founder Henry Ford.

BMW shows new X3 in Geneva

The BMW promoted a slight restyling of the utility X3 and took the Geneva Motor Show to display it. With the facelift, the model shall bear the same design language of the X5, with a little more bold and aggressive look.

EVs: Toyota wants to introduce wireless charging

Toyota is working on developing a wireless technology to recharge their plug-in hybrid and electric models. The system will be tested later this month as part of a managed program by Aichi prefecture, Japan.

BMW M4 Convertible tests on snow

It is no coincidence that BMW chose the freezing cold of Scandinavia to test their prototypes. After all, if a car works perfectly there, it will also run smoothly anywhere.

Toyota Announces Hybrid Camry SE Limited Edition

Toyota announced on Tuesday (4) the introduction of the Hybrid Camry SE Limited Edition in the North American market. The model arrives in showrooms next month and the starting price was set at $ 27,845.

Bugatti Veyron original concept show in Paris

The Bugatti will show for the first time since 1999 the Veyron concept, a model that gave rise to the production version of one of the most popular super sports of all time. The concept will be displayed at R?tromobile, old event which will take place in Paris.

Volkswagen Tiguan presents Cityscape

Volkswagen showed the Tiguan version of Cityscape utility in Europe. Taken as a model to address the "urban jungle" daily, it is already on sale and in Germany, has starting price set at 32,450 euros.

SRT Viper praises and quips Corvette

After seeing the new Viper skating in sales in the months following its release, the CEO of SRT Ralph Gilles, ensured that there was no reason for concern, since the company had a long queue of orders formed by interested in taking the sport to house.