Auto production in Mexico and Brazil, Latin America's top producers, plunged by an unprecedented 99% in April as a result of the coronavirus crisis, with the two countries building a total of just 5,569 vehicles.
April shipments from Mexico, which is more dependent on exports to the United States, fell by 90% compared with March to just 27,889 vehicles, Mexico’s Inegi said.
Brazil has the capacity to produce more than 400,000 cars per month, due to expensive bets made just before the country underwent its worst economic crisis on record in 2016. FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio
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