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19 2.11 to 2.16.2019 AutoData News Agency Weekly Edition is produced by AutoData Editora Ltda . Rua Pascal, 1693 Campo Belo - São Paulo SP Brazil CEP 04719-001 Phone +55 11 5189 8900 . Translation: Allex Chies. Graphic Project/Art: Romeu Bassi Neto. Associated Team: André Barros, Bruno de Oliveira, Caio Bednarski, Leandro Alves, Márcio Stéfani. Responsible Journalist: Vicente Alessi, filho MS SJPESP 4 874. Editorial agreements: Tiempo Motor (Argentina) and Flash de Motor (Venezuela). The copying and/or distribution without previous permission are strictly forbidden. Even though they have shown increase, the value is almost ten times lower than the emissions made in 2008, which totaled US$ 5.8 billion. For Fernando Trujillo, consultant of IHS, the automakers went through moments of losses in Brazil, and that has caused remittances to decrease in volume since 2010: “The industry has already been much more profitable. In the last four years, many automakers have suffered losses and this has become evident with the restructurings in Ford, GM and FCA, for example”. Compared to the profit remittances of other important sectors in the economy, the sendings from the automotive sector were lower. Financial services, beverages and commerce - except for vehicles - sent more than US$ 1 billion in 2018 according to a survey by the Central Bank of Brazil. For Trujillo, the sensitivity of the sector to crises is greater than the other segments: “When compared to other markets, the vehicle market is very sensitive to crises, a little different from industries with basic needs such as food and beverages or even financial services, which tend to profit more in times of crisis when the default level increases. If we look at financial services, remittances declined last year because of the economic recovery, but it’s a sector that historically has a larger remittance volume than the automotive”. The data by the Central Bank also showed that intracompany loans in the automotive sector have increased in the period of 2017-2018. Last year, the headquarters earned US$ 9,9 billion in their Brazilian subsidiaries, 6.8%more than in 2017. In that sense, the automotive sector was the third largest receiver of loans from abroad, behind oil companies and agribusiness.