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General Motors will not leave Brazil. This is what Antonio Megale thinks, who is just over two months away from his mandate as president of Anfavea, the badociation that brings together car manufacturers.
For the leader, one must take into account: Brazil and South America are the markets that guarantee the benefits and leadership of the global manufacturer, something that neither the host country nor China can achieve . And 2019 will be a year rich in numbers.
"The South American region, driven by Brazil, is one of those that has led to global growth, while Europe has vegetative growth and the United States is small. most companies, even GM, talk about investments, have already announced several of them.We have a huge potential market, with robust growth, greater than double digits, and I have no doubt that we have the potential to reach more than 4 million vehicles a year by the middle of the next decade, "Megale said.
The government can not resume ICMS
At a press conference the first month of 2019 and prospects for the year, l & rsquo; Executive also said that the possible progression of ICMS credits requested by the car manufacturer to the government of São Paulo
The anticipation of these credits on the coffers of GM is one of the conditions negotiated by the company to guarantee investments in the R $ 10 billion home in the São José dos Campos and São Caetano do Sul plants will launch new products, including the second-generation Chevrolet Onix and Prisma as well as the new Tracker ave c launch window between 2019 and 2020.
The brand, which claims losses in its local operations, also negotiates with employees, suppliers and resellers. According to Megale, the situation is not exclusive to GM:
"The substantial drop in the market recorded from 2012, 2013 to 2016, to almost half, had a considerable impact on the profitability of companies, not just manufacturers automobiles, the auto parts sector, "said Megale.
It is now time to resume production and local sales, said the executive.
According to Megale, one of the hurdles to be followed by GM and other brands investing here is the delay in repayment of ICMS credits by state governments, "primarily in the state of São Paulo ".
An ICMS that does not pay damages
According to the accounts of Anfavea, the government of São Paulo retained its functions between 6 billion rand and 7 billion rand. The restitution of these credits works in the same way as the income tax: the tax levied more must be returned in advance to the taxpayer – in the case of suppliers of auto parts and installers with credits.
"We have an ICMS credit, mainly related to a very strong increase in vehicle exports in recent years, not from the government, but from the government. Mexico, not to mention developed countries, the credit is refunded in cash within 90 days, for example, where, according to the States, the company can recover a substantial part of the credit only with investments such as
The delay in the recovery of these credits is a loss: after two or three years without restitution, companies and their audits usability "as a negative balance. "The idea is to facilitate this recovery or to look for mechanisms that do not generate as much credit.We suggest that the government of São Paulo put in place a regime generating less accumulation of ICMS system retained, by calculating the rates of The State ends up financing itself with the money collected [das fabricantes] but will have to return it at a given moment. "
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