Reuters: US Dollar Report: Brazil's Rousseff says auto policy to reduce role of imports

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Brazil's Rousseff says auto policy to reduce role of imports Oct 24th 2012, 17:07 SAO PAULO | Wed Oct 24, 2012 1:07pm EDT SAO PAULO Oct 24 (Reuters) - Brazil's President Dilma Rousseff said on Wednesday that her latest policies governing the country's auto industry would reduce the weight of imported vehicles in the world's fourth largest car market. A steep tax hike on imported cars and auto parts, aimed at protecting jobs in Brazil's auto industry, has accelerated some investments in the country and scrambled plans for others.

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