Tag: auto industry

• Thursday, August 17th 2023 - 10:54 UTC

  Brazilian export sectors concerned with the political and financial situation in Argentina

  

  The deteriorating Argentine political and financial situation is already affecting some sectors of the Brazilian economy. Representatives from associations linked to manufactured products reported a decline in exports this year. They expressed concern over potentially worsening shipment figures until December when Argentines will decide on the country’s new president.

• Monday, November 14th 2022 - 10:25 UTC

  Brazil's auto industry production and exports in solid recovery

  

  In the first ten months of 2022, Brazil exported 406 thousand car units, representing an increase of 32.4% compared to the same period in 2021. In this context, exports to countries such as Chile, Colombia, and Mexico stood out as the main export destinations for the Brazilian automotive industry.

• Friday, March 4th 2022 - 18:37 UTC

  Some US$ 400 million of top brand cars sink off the Azores in 3,000 meters deep water

  

  Some US$ 400 million of top brand cars (Porsche, Bentley, Lamborghini) have been definitively lost when the carrier Felicty Ace with 4,000 units from the Volkswagen Group went down, close to the Portuguese Azores islands, nearly two weeks after a fire broke out in the vessel.

• Monday, December 6th 2021 - 08:49 UTC

  Argentine automotive industry shows signs of recovery

  

  The Argentine Association of Automotive Factories (ADEFA) has reported that November 2021 had shown a 70% increase in exports and a growth of around 43% in the total number of units delivered.

• Wednesday, July 7th 2021 - 08:37 UTC

  China enters auto manufacturing industry in Brazil, acquiring Mercedes-Benz plant

  

  The Chinese auto industry is penetrating Brazil. Automaker Great Wall Motors (GWM) reported that it has purchased the Mercedes-Benz car factory in Iracemápolis, Sao Paulo state, according to a report in the financial sector from the newspaper “O Globo” last Sunday.

• Tuesday, July 6th 2021 - 09:08 UTC

  Production of motor vehicles in Argentina shows signs of recovery

  

  The production of motor vehicles in Argentina in June grew 14.5% compared to May's output for a total of 40,035 units, which made up for a 155.7% YoY increase against 2020 figures, it was reported Monday by the Association of Automotive Factories (Adefa).

• Friday, June 4th 2021 - 09:34 UTC

  Argentine automotive back on track, Adefa report shows

  

  The Argentine Association of Automotive Factories (Adefa) Thursday reported that production of motor vehicles had grown more than 19% month on month for an accumulated increase of 517.3% compared to May last year.

• Friday, May 28th 2021 - 09:53 UTC

  Minister Guedes says Brazil favors the modernizing of Mercosur

  

  “We are liberal but not stupid,” said Brazil's Economy Minister Paulo Guedes Thursday during a virtual event where he explained that his country has no intention of leaving Mercosur, but it does want to modernize it.

• Friday, April 30th 2021 - 08:30 UTC

  Ford increases output in Argentina, hires more workers

  

  Despite all pandemic-related setbacks, Ford's carmaking plant in Pacheco, 30 kilometres northwest of the Autonomous City of Buenos Aires (CABA) in Argentina, has increased its output of the Ranger model, for which 256 new personnel has been hired, it was reported.

• Saturday, April 24th 2021 - 07:02 UTC

  Paraguay and South Korean finalize details for joint electric car parts production to start in 2022

  

  Paraguay's Minister of Industry and Commerce (MIC) Luis Alberto Castiglioni Friday discussed with South Korean Ambassador To Asunción In Shik Woo the establishment of an Auto Parts Technology Center for electric cars in the South American country, which is due to commence in 2022 and last for about five years, it was reported.