Tag: car makers

• Monday, July 2nd 2018 - 08:31 UTC

  Leading world car makers urge US not to impose tariffs on auto imports

  

  BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”

• Monday, May 26th 2014 - 08:24 UTC

  Argentine industrial activity drops 4.2% in April; auto industry hit by lower sales

  

  After a decade of growth, the Argentine government faces this year a decline as industrial output falls and a high inflation rates hits consumer spending and new investment. The Argentine economy grew steadily recovering from a 2001-2003 debt crisis and expanded 3% last year but it stumbled in the fourth quarter and could slid into a recession at the start of this year.

• Tuesday, October 8th 2013 - 18:20 UTC

  Brazil car output and sales drop in September following on a strong August

  

  Brazil's car output and sales dropped in September from August, adding to signs of economic weakness in the third quarter after a surprisingly good start to the year. Automobile production in Brazil dropped 2.5% and sales fell 5.9% in September from August, the national automakers' association Anfavea said

• Friday, July 6th 2012 - 07:04 UTC

  Auto industry production in Argentina continued to slow down in June

  

  Argentine automobile production fell 12% in June from the previous month and plunged 34.4% from a year earlier, according to an industry trade group. The auto industry produced 52,983 vehicles in June compared with 60,206 units in the previous month and 80,795 a year earlier.

• Monday, April 9th 2012 - 05:21 UTC

  Automakers research and innovation must move to Brazil, ‘we have the market’ says Pimentel

  

  Brazil has no plans to offer further incentives for automakers, but the government does not rule out taking steps to boost the competitiveness of other industries, Trade and Industry Minister Fernando Pimentel said in an interview published on Sunday.

• Monday, November 7th 2011 - 05:43 UTC

  Argentine car exports felt in October the cooling of the Brazilian market

  

  Argentina's car makers, a key pillar of the industrial sector, saw production cool in October from the record levels seen in recent months as demand from neighboring Brazil dropped off.

• Sunday, October 9th 2011 - 09:56 UTC

  China's JAC motors to build factory in Brazil, hoping to avoid higher import taxes

  

  Chinese automaker JAC Motors announced Friday it will invest 500 million dollars to build a factory in Brazil's north-eastern Bahia state its first outside China.

• Wednesday, July 13th 2011 - 21:40 UTC

  EC checks into German government aid to car manufacturers

  

  European Commission is to examine aid paid out by the German government to car manufacturers BMW and Volkswagen. The money has been pledged to promote projects in eastern Germany.

• Friday, July 1st 2011 - 13:04 UTC

  Renault plans to increase car production in Argentina by 60%

  

  French auto maker Renault has plans to invest 400 million Pesos (100 million US dollars) to produce a new model geared towards the Mercosur market, Argentina's industry minister Debora Giorgi announced this week.

• Wednesday, May 4th 2011 - 17:01 UTC

  EU/Mercosur trade negotiations limited by reciprocal claims of protectionism

  

  The European Union/Mercosur trade talks taking place in Paraguay are attempting to advance with a ‘verbal exchange of proposals’ while negotiators continue ahead with technical aspects of a future agreement, according to Argentine sources.