November 8, 2018 / 2:49 PM / 13 days ago

Brazilian Congress approves incentive plan for local automakers

Nov 8 (Reuters) - Brazil’s Senate on Thursday approved a new incentive plan for automakers in the country, which now requires a signature from President Michel Temer to be implemented.

The plan, known as Rota 2030, has been widely anticipated by automakers and stalled in Congress for months. (Reporting by Maria Carolina Marcello; Editing by Bernard Orr )

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