Tag: car makers

Tuesday, January 7th 2025 - 08:15 UTC
Argentina's automotive industry forecast to bounce back this year

Argentina's carmaking industry posted a 17.1% contraction in 2024, with an output of 506,571 units, a report from the Association of Automotive Manufacturers (ADEFA) released this week showed. Nevertheless, production is expected to reach 600,000 units this year.
Thursday, May 5th 2022 - 19:47 UTC
Car manufacturing in Argentina grows interannually

Car manufacturing in Argentine recorded a substantial increase in April, according to the latest monthly report by the Association of Manufacturers (Adefa), making it the third consecutive month with a favorable output.
Wednesday, September 4th 2019 - 09:17 UTC
Restructuring Ford's Sao Paulo truck plant means sacking 1.300 workers and lowering salaries of the remaining

Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co's plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant's workers.
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.