Tag: auto 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.
Monday, April 5th 2021 - 09:30 UTC
Scania CEO in Argentina foresees record exports for 2021

Scania CEO Andrés Leonard Sunday said in an interview he foresaw a 75% increase in “exports from Tucumán to the world” of bus and lorry gearbox parts.
Saturday, March 20th 2021 - 09:07 UTC
VW closing down production in four plants in Brazil because of the pandemic

Germany's Volkswagen said on Friday that it will suspend production at its four plants in Brazil owing to a surge in coronavirus infections in the country. The Wolfsburg-based firm said it will stop factories from March 24 for a 12-day period “to protect the health of its employees and their families.”