Ficosa positions itself for long-term potential with new Brazil plant

Brazil remains in the midst of a prolonged economic downturn, and the outlook for the automotive industry is bleak. Most industry players are forecasting double-digit sales declines for the light vehicle industry this year. Against this backdrop, Spanish Tier 1 supplier Ficosa has opened a new 13,ooo sq-m facility for automotive rear-view mirrors, electronic systems and under-the-hood components. José María Serra, Chief Executive of Ficosa Brazil, was keen to emphasise the long-term potential despite the current challenges.