BYD is currently awaiting decisions regarding tax incentives that will be transferred from Ford within the special automotive regime in Brazil’s Northeast.
A contract was signed with firm São José Desenvolvimento Imobiliário. The deal should be finalized following the approval of the Administrative Council for Economic Defense (CADE).
The prosecutors are concerned not only with the plight of workers from the closed plants, but with the production chain of suppliers that will be impacted by the changes.
After a meeting with Ford CEO for South America Lyle Watters this morning (Feb. 21), São Paulo state Governor João Doria announced his administration will seek a buyer for the plant slated to be shut down in the municipality of São Bernardo do Campo.
After a meeting held yesterday evening (Feb. 19), metal workers at Ford decided to go on strike against the shutdown of the plant in São Bernardo do Campo, in São Paulo state. A new meeting will be carried out Tuesday (26).