Bolsonaro furious as Ford ends century-old Brazil operations
Ford will shutter three plants and terminate about 5,000 jobs in Brazil by year-end as part of a global restructuring
13 January 2021 - 18:30
Rio de Janeiro/Brasília — President Jair Bolsonaro has criticised Ford’s decision to pull out of Brazil, alleging the company was seeking tax breaks and subsidies to compete with other carmakers.
“People complained about the Ford factories,” Bolsonaro told supporters outside his official residence in Brasília on Wednesday. “I’m sorry, but I will no longer keep spending your money to support their factories.”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.