Tag: Brazilian carmakers

• Saturday, February 22nd 2020 - 10:02 UTC

  Bolsonaro wants electric carmaker Telsa to open a factory in Brazil

  

  President Jair Bolsonaro said on Friday he would try to convince electric carmaker Tesla to open a factory in Brazil when he heads to the United States next month. Bolsonaro, who will visit Miami and Dallas on March 9 and 10, said on Twitter that “our extensive agenda will include the possibility of bringing Tesla to Brazil.”

• Saturday, October 6th 2018 - 09:06 UTC

  Brazilian auto industry production hit by Argentine recession

  

  Brazilian automakers are facing the prospect of a sharp drop in exports this year as a crisis in neighboring Argentina hampers the prospects of car sales abroad, the national automakers’ association said on Friday.

• Saturday, September 13th 2014 - 06:44 UTC

  Argentina guarantees car makers sufficient dollars to meet production target

  

  Car makers in Argentina have sufficient dollars to meet production and sales targets, the government said Friday, a day after General Motors Co announced it had suspended exports from Brazil to its Argentine unit due to a hard currency shortage.

• Tuesday, April 29th 2014 - 06:31 UTC

  Argentina and Brazil plan to prop economies by stimulating the auto industry

  

  Argentine Economy Minister Axel Kicillof and Industry Minister Débora Giorgi fly to Brasilia on Tuesday in a bid to swing the automobile trade balance in Argentina’s favor, with the sector accounting for the majority of a total 3.15 billion dollars trade deficit. From Brazil Finance minister Guido Mantega confirmed bilateral discussions on the auto industry and exports.

• Wednesday, August 7th 2013 - 02:47 UTC

  Brazil car production slips but export forecast rises as world demand picks up

  

  Car production in Brazil slipped in July to the lowest daily rate in five months as factories, facing sagging consumer confidence scaled back output industry data showed on Tuesday.

• Wednesday, September 5th 2012 - 01:01 UTC

  Tax cuts and lower rates help record car sales in Brazil during August: 400.00 units

  

  Brazil car sales rose to a record 400,000 units in August as tax cuts and lower borrowing costs spur consumer spending. Fiat, the country’s biggest automaker, said that tax cuts that took effect in May and were extended last week through October spurred industry sales of cars and light vehicles last month.