BRAZIL AUTO SECTOR HAPPY THAT ROUTE 2030 PLAN IS OPERATIONAL
April 1st, 2019
BRAZIL’S automotive industry sector is optimistic about the future, now that the new government of right-wing President Jair Bolsonaro has left the new Route 2030 package of industrial incentives untouched.
The President, who assumed office on January 1, had criticised Route 2030 (Rota 2030 in Portuguese) last November (2018), as a potential waste of money. But outgoing President Michel Temer signed Route 2030 into law anyway, and thus far – more than three months into his presidency, Bolsonaro has not changed the program. These concerns were heightened ...
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