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Automotive May, 09, 2019 0

Argentina auto exporters will receive 6.5% tax rebate for Mercosur exports

Argentina’s government has increased tax rebates from 2% to 6.5% for vehicle exports to Mercosur countries in a bid to revive the country’s declining car industry, according to the country’s…
Automotive May, 06, 2019 0

Brazil’s light vehicle exports slump 41.3% in Q1

According to Anfavea data (Brazil’s National Automobile Manufacturers Association), Brazil experienced a significant dip in light vehicle exports in the first quarter of 2019, down 41.3% to 99,963 units compared…
Foton Auman EST Truck
Automotive Apr, 12, 2019 0

Foton considers acquisition of Ford’s plant in SP

China’s Beiqi Foton Motor Co Ltd, a subsidiary of Chinese state-owned enterprise BAIC Group, is considering the acquisition of Ford Motor Co’s São Bernardo do Campo plant in São Paulo,…
Automotive Apr, 02, 2019 0

Car sales in Argentina fall 50% in first quarter of 2019

The Association of Automobile Dealers of Argentina (ACARA) announced Argentina’s domestic sales of new cars dropped by 49.5% to 139,086 units (locally produced and imported) in the first quarter of…
Automotive Apr, 01, 2019 0

Brazil’s vehicle exports fall sharply by 40.8% in the first bimester of 2019

According to Anfavea data (Brazil’s National Automobile Manufacturers Association), Brazil has experienced a strong drop in total vehicle exports in the first two months of 2019, down 40.8% to 63,159…
Automotive Mar, 12, 2019 0

Hyundai plans to invest US$32m in SP plant

The South Korean carmaker, Hyundai Motor Co., has announced plans to expand production in Brazil to meet local demands. The company intends to increase production by 14% from 180,000 units…
Automotive Mar, 08, 2019 0

Volkswagen vies to fill Ford’s production gap while Lifan closes in Uruguay

Ford’s decision to close down heavy-truck production in Brazil is proving to be a stroke of serendipity for its German rival, Volkswagen. According to Exame, Volkswagen is currently using 40% of…
CAOA Factory of Chery and Hyundau
Automotive Feb, 27, 2019 0

CAOA is in talks to buy Ford factory; others interested

Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy Ford’s São Bernardo do Campo factory, according to Reuters.…
Scania São Bernardo do Campo Factory
Automotive Feb, 22, 2019 0

Fortune favors Scania as Ford closes truck production

Swedish heavy automobile giant, Scania, predicts a rise of between 10 and 20% in the sale of its 16-ton plus trucks fabricated in Brazil, as Ford face the closure of…
New Ford trucks are at the parking lot of São bernado do Campo plant
Automotive Feb, 20, 2019 0

Ford exits heavy commercial truck production in South America

Ford will close its oldest Brazilian factory in São Bernardo do Campo and shut down its heavy truck business in South America as part of the company’s restructuring program. The…