The Fall of Brazil’s Armored Vehicle King

In the 1980s, Brazil was the Third World’s largest arms exporter - exporting over a billion dollars worth of weapons. And arguably its largest exporter company was the armored vehicle and weapons maker, Engesa. In 1985, its president and founder told the press: “There is always money for arms. In two or three years’ time we’ll overtake Britain and France as exporters and the market is infinite”. It was not to be, thanks to changing times, high debt and a particularly pricey tank. In today’s video, a Brazilian vehicle manufacturer that tried to take the next step, and failed.