Tag: Automotive Industry

• Monday, May 3rd 2010 - 04:14 UTC

  Auto Industry Investment Plans Confirm Brazil as One of Five Main Global Markets

  

  The Brazilian automotive industry will invest 11.2 billion US dollars over the next two years to 2012, an amount that tops the 8.1 billion of the three preceding years, local media said Saturday.

• Monday, April 26th 2010 - 05:12 UTC

  Toyota Brazil is Recalling Locally Manufactured (as of April 2008) Corollas

  

  Toyota Brazil has agreed to recall an unspecified number of Corollas locally manufactured because of the risk of sudden acceleration according to a statement from the country’ Ministry of Justice website.

• Thursday, April 22nd 2010 - 02:43 UTC

  General Motors repay 8.1 billion to US and Canadian governments

  

  General Motors repaid Wednesday 8.1 billion US dollars in government loans, five years ahead of schedule and nine months after the troubled auto giant declared bankruptcy, signalling that the auto maker may be on the path to profitability.