Ford alone had a great year last year. The company launched 11 new cars and Ligocki predicts 2001 will be even better. Farther south, the outlook for 2001 is fairly strong. For the last three months of 2000, Brazil was stronger than our expectations. So, now we are cautiously optimistic for 2001.
Brazil can really grow.
Click to hear more Henderson says that Argentina, another major Latin American market, is a different story. The outlook there is more pessimistic and he expects sales to fall even further then in 2001. Overall, the Latin American outlook is better than it's been in recent years. The automotive market looks like is should perform reasonably well, but sales still trail where they were in the mid 1990's.