Tesla's competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids.
Japan's number two automaker, is planning to invest 1.5 billion dollars to build a factory in Brazil that might produce electric cars, according to reports in the media.
Brazilian workers at a factory operated by the local unit of U.S. auto maker General Motors Co. walked off the job Friday, calling a 24-hour strike to protest the company's latest profit-sharing offer.
Spurred by strong support from the government, Argentina's industrial production in March jumped 9.2% on the year according to a Monday release from economic advisors Orlando J Ferreres & Asociados, OJF.
Italy's Fiat will invest 10 billion Reais (USD 6 billion) in Brazil by 2015 in operations that include production of cars, auto parts and agricultural machinery.
Chinese auto-maker Chery Automobile Co. will spend 700 million US dollars on a plant in Sao Paulo, Brazil's wealthiest state, the local newspaper o Estado de S. Paulo reported in its Thursday edition.
Brazil’s automobile production increased 19.1% in the first half of the year compared to the same period a year ago and exports soared 62.3% according to the Brazilian automakers association Anfavea.