ECON STUFF: Chinese JAC Motors to Build Plant in Rio

ina’s JAC Motors to build vehicle plant in Brazil
From:Dow JonesJuly 03, 2009
China’s JAC Motors (Jianghuai Automobile Co., Ltd) ) is to build a vehicle plant at the Acu port complex in Rio de Janeiro State, the Rio state government said in a statement.
The announcement came shortly after confirmation Wednesday China’s Wuhan Iron & Steel Co. [...]

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CARS: Comparing Cost of New Cars

The PT Cruiser in Brazil will cost about R$62,000 (US$ 38,000).  It is imported, which increases its cost.

The same model in the USA will cost about US$ 17,000.
If you earn the monthly minimum wage in Brazil, R$ 415 (US$256), it will take you about 149 months to pay off the car, or 12.44 years.
This [...]

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CARS: Cost of New Cars

Let’s assume you have resolved your visa problem, learned Portuguese, and found a fantastic, high-paying job or opened a business which is doing well.
Now it is time to go out and buy that new car so you can drive to your favorite watering hole (boteco) on Friday evening or to the beach on the weekends…… [...]

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