I always get in trouble when I talk about the auto sector but what the heck, here I go again.
There are 440 automtive OE parts suppliers based in Brazil, 22 automaker assembly plants & 10 parts plants. The vast majority of these plants were incentivized by government to locate anywhere but the top urban area of Sao Paulo. This chart is a little dated but it points out the level of incentives given to attract auto makers. The three Brazilian cities are pretty remote.
I wonder if Canada is the only country in the world that has made significant public investments to grow its auto sector in the strongest region of its economy?
I know this is a taboo topic, but I like to stir the pot once in a while.