Jaguar Land Rover has flown in parts in suitcases as the effects of coronavirus take a toll on the carmaker's supply chain. It said it could start to run out of Chinese parts for its UK factories after two weeks.
General Motors outsold Toyota for the first time in six quarters, rising atop the industry and underscoring the resurgence of US automakers.
Strong symptoms of a slowdown of the Argentine economy, possibly leading to recession, have been confirmed by Torcuato Di Tella University's, UTDT, closely watched leading indicators.
Germany’s BMW Ag., the world’s largest luxury carmaker plans to build cars in the Brazilian state of Santa Catarina from 2014 reports Automobilewoche.
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.
Ford Motor Argentina is the latest carmaker to sign an agreement with the government to boost exports to compensate for increased imports. Ford has vowed to boost its export surplus to 90 million USD by 2012, the Economy ministry said in a press release Monday. That follows a deficit of 250 million USD in 2010.
Automobile production in Brazil rose 18.7% in February from January, setting a record for the month, as exports surged on the back of increased global demand for automobiles, industry data showed on Friday.