Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine.
Sales of new cars in Argentina collapsed by almost 50% in the first quarter of 2019, the Association of Automobile Dealers of Argentina (ACARA) said Monday. Sales fell by 49.5% in the year-on-year comparison, with purchases down 50.4% in March year-on-year too, said ACARA.
Daimler, the German car maker that owns Mercedes-Benz, will be run by a non-German for the first time next year. Dieter Zetsche, 65, will be replaced by Ola Kaellenius, a 49-year-old Swede, as chief executive in a succession plan announced on Wednesday.
Car sales in Brazil are setting new levels almost every month and May has been no exception, with 300,940 units sold beating the previous May record of 300,514 cars (registered in 2011).
Argentina is considering applying measures to restrict the import of Mexican cars, which could include unilaterally denouncing the Economic Complementation Agreement (ACE) 55, which regulates bilateral trade, Argentine government sources told local media, ámbito.com.
Brazil's government wants Mexico to impose quotas on its own auto exports to the South American nation to ensure the total value does not exceed 1.4 billion dollars over the next three years, the development, industry and foreign trade ministry said.
Cuba authorized auto sales among individuals Wednesday, easing a 50-year-old ban that has helped make the Castro brothers-ruled island a living museum of vintage cars.
Uruguayan president Jose Mujica admitted a certain ‘stinging feeling’ following the recent Brazilian decision to increase import taxes on vehicles by 30%, which could also have an impact on Mercosur partners.
Argentina's industrial activity in June rose 9.3% on the year led by automobile production, according to manufacturers association UIA (Argentine Industrial Union).
Brazil’s car production capacity is expected to jump from the current 3.6 million units per year to 6.2 million by 2025 supported by massive investments from the industry estimated in 19 billion dollars by 2017, according to estimated from the Vanzolini Foundation in Sao Paulo.