Lula also push the selling for Emreaer.
Order for 20 Embraer E2 jets in China is postponed due to illness of Brazilian president
The agreement would be announced during a visit by President Luiz Lula da Silva to China, which ended up being canceled due to a lung infection, according to Brazilian outlets
www.airdatanews.com
Brazil's industry capabilitity almost collpased during last 15 yrs.
In China, Lula Seeks Help Building Back Brazilian Industry
President hoping for more investments from China to replace U.S. companies that have left Brazil
www.voanews.com
Brazil's national statistics institute said in July 2022 that Brazil had lost 1 million industrial jobs over the prior decade, a decline of 11.6%. The institute said in 2021 that the country's industrial sector represented 18.9% of Brazil's GDP, down from 38% three decades earlier.
Now see some opinion about the quality of Chinese cars remember in mexico we have cars from all the world.
What happened to the FAW, Chinese cars that "vanished" from Mexico in less than a week?
FAW Group vehicles disappeared from Mexico in 2009, leaving nearly 5,000 buyers adrift and without knowing where to buy a spare part; this is his story.
It was in 2008 when Elektra, a company run by Ricardo Salinas Pliego, bet on the automotive business, announcing the arrival of FAW Group cars in Mexico after building an alliance with First Automobile Works Group.
The project was ambitious: to produce up to 150,000 units a year and have the capacity to export to the United States. To attest to the business, then President Felipe Calderón was asked to lay the first stone of the Zinapécuaro Complex, where the FAW-Grupo Salinas Motors plant in Mexico would be built.
However, the first two did not have airbags or ABS anti-lock brakes, although the F5 was the only one that did cover these features.
The sale of these models started with prices ranging from 69,000 to 114,000 pesos. The cost "winked" at buyers by being below those that were marketed at that time. In addition, Elektra launched a more attractive proposal: weekly payments of 350 to 450 pesos.
Why did the FAW cars from Mexico disappear?
Despite the fact that the business seemed to be a success and everything was going smoothly, consumers began to complain about the lack of spare parts, the poor quality and safety of the cars, as well as poor service in the workshops, so the contract with the Chinese auto company collapsed.
As if that were not enough, the economic crisis of 2009 threw the purchase of cars completely. In September 2009, FAWs disappeared unexpectedly, leaving thousands of homeowners stranded without a part, and the automaker that provided jobs went bust.
El financiamiento de los autos FAW, comercializados por Elektra, era ‘un sueño’, ya que incluía un seguro de hasta 5 años y mantenimiento en talleres ditribuidos en todo el país.
www.elfinanciero.com.mx