Carmakers raise Brazil investment outlook to $33.7 bln by 2017
SAO PAULO, Oct 4 (Reuters) - Carmakers in Brazil will invest 74.1 billion reais ($33.7 billion) by 2017, up from a previous forecast of 60 billion reais, national automakers association Anfavea said on Friday.
Brazil is the world's fourth-biggest auto market, with Italy's Fiat SpA, Germany's Volkswagen AG and U.S.-based General Motors Co and Ford Motor Co selling more than 70 percent of new cars in the market.
($1 = 2.2 Brazilian reais)
(Reporting by Alberto Alerigi Jr.; Writing by Silvio Cascione)