Lula’s government project will be announced later. See what can change – Money Times

back popular cars It became a top priority for the president Lola he is from Ministry of Development (Mdic), Which is expected to announce the first phase of the entry price cut plan on May 25, at Industry Dayas mentioned before Folha de S. Paolo.

According to the newspaper, the headquarters Fiesp (Federation of Industries of the State of São Paulo) The stage should be to announce the measures. Credit lines for the manufacturing sector, tax cuts, an increase in the index of nationalization of manufactured goods and a vehicle financing program are expected.

a National Automobile Manufacturers Association (Anfavea) Do not participate in the project, as it does not cover all automakers. In this way, it is negotiated directly with manufacturers who have entry-level cars.

In a post on Twitter, the Minister of Development said, Geraldo AlcmeneHe said he had already spoken to Renault’s board of directors about proposals for the sector.

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Received Renault’s board of directors to discuss proposals to boost the automotive sector. President @employee Committed to restoring the vitality of our automotive industry, which is a great employer. 📸 Cadu Gomez pic.twitter.com/wuaRAHOfMK

– Geraldo Alckmin 🇺🇸 (@geraldoalckmin) April 28, 2023

Manufacturers commitment

The details of the project, to be presented, are a decisive factor for manufacturers to join. Brands such as Renault, Fiat, Citroën and Volkswagen are expected to participate in the new popular car project, however, Chevrolet may be excluded.

“The towed car, without content, does not meet what the Brazilian wants,” he told Folha de S. Paolo President of General Motors South America, Santiago Chamorro.

Replacing the term “popular car” with “entry-level car” in official speeches is a requirement of auto manufacturers, so as not to directly imply a cheap car.

Proposal metallurgists for popular cars

Metallurgists Union ABC (SMBAC) and subdivision of Department of Statistics and Social and Economic Studies Interunion (Dieese) I handed over to President Lula a study showing possible solutions to make viable options for about R$50,000.

“The study details the automotive sector and provides guidance and proposals from our federation which, in our assessment, significantly improve the sector, preserving and generating jobs,” explained the federation’s president, Moisés Selerges.

Now it is essential that the prime rate of interest goes down so that there is a possibility of getting cheaper financing. a central bank She must be responsible for jobs and workers, and this is one of her purposes. It is arbitrary and unacceptable Copom (Monetary Policy Committee) He said the central bank would maintain the interest rate at 13.75% annually.

Unionists included trucks, buses, and automobiles in the study. Check out some proposals aimed at cars:

• Encourage the immediate launch of “grassroots” models with long-term lines of credit;
• Encourage the production of cars that take into account the degree of nationalization and the minimum steps in the industrialization process in the country;
• expansion of the program to stimulate the renewal of taxi fleets;
• Develop a special program to encourage the renewal of vehicles operating in transportation applications;
• transition of the vehicle mix towards decarbonization over the next 12 years;
• Reviewing the rates of importing electric cars in line with the existence of local manufacturing projects.