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Kia Motors to invest BRL 165 million in Brazil in 2018 as 30% import tax is removed
On October 19, Kia Motors announced that it plans to invest BRL 165 million (USD 52 million) in Brazil in 2018 to reach annual sales of 20,000 vehicles, taking advantage of Brazil’s removal of a 30% import tax.
Approximately BRL 50 million will be invested to establish 25 new car dealerships, BRL 35 million will be i....
Approximately BRL 50 million will be invested to establish 25 new car dealerships, BRL 35 million will be i....
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