Car industry will close plants in Brazil

Vehicle industries have already announced that they will close factories at the end of the month due to the pandemic of the coronavirus and the market demand. The three main companies that have already confirmed collective holidays and together employ almost 50,000 employees. In addition to paralysing the production of five Brazilian factories indefinitely (in São Paulo, Rio Grande do Sul and Santa Catarina), General Motors suspended the investment of R$ 10 billion ($ 2 billion) planned for the period from 2020 to 2024.

Source: UOL