Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Toyota Brazil is suspending auto production at four of its plants in the state of São Paulo until at least June 22.


Auto plants that have already suspended operations due to the COVID-19 outbreak are São Bernardo do Campo, Indaiatuba, Porto Feliz, and Unidad de Sorocaba, the company said in a press release.


Auto sales in Brazil dropped by 18.4pc to 249,158 units in March compared to the same month last month, according to figures released by the National Federation of Motor Vehicle Distribution (Fenabrave). Of that amount, GM and Toyota comprise 16.3 pc and 7.6pc, respectively, according to Fenabrave.


Brazil’s auto production rose by 2.3pc in 2019 to 2.94mn units, according to figures from the country’s Association of Motor Vehicle Manufacturers.


General Motors Brasil this week said it expects to resume production in June, according media reports.

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