Americas

Report: GM Has Fired 2,700 Employees in Venezuela

April 25, 2017 at 12:00 AM

General Motors Co. has fired 2,700 employees of its subsidiary in Venezuela and wired severance pay to their bank accounts, employees tell Reuters.

No NAFTA Update Likely Until Mid-2018?

April 24, 2017 at 3:11 PM

An updated version of the 23-year-old North American Free Trade Agreement isn’t likely until about July 2018, according to Thomas Donohue, CEO of the U.S. Chamber of Commerce.

Venezuela Car Market Shrank Below 300 Units in March

April 21, 2017 at 12:12 AM

Monthly vehicle sales in Venezuela, which peaked at 52,700 units in mid-2007, plummeted to fewer than 300 cars, trucks and buses last month, says industry group Camara Automotriz de Venezuela.

GM Abandons Venezuelan Operations

April 20, 2017 at 12:00 AM

General Motors Co. says it has abandoned operations in Venezuela after the government seized its local assembly plant and “illegally” confiscated other assets, including vehicles, on Tuesday.

China’s JAC Begins Car Assembly in Mexico

April 07, 2017 at 1:11 AM

Jianghuai Automobile Co. has begun assembling small crossovers in Hidalgo, Mexico, from kits imported from China.

Great Wall Motor Ponders Auto Plant in Mexico or U.S.

April 05, 2017 at 5:30 PM

China’s Great Wall Motor Co. is studying plans to build a North American assembly plant somewhere the U.S. or in either Nuevo Leon or San Luis Potosi, Mexico, sources tell Reuters.

Bentley Names New CEO for Americas

April 04, 2017 at 3:03 PM

Volkswagen AG’s Bentley Motors luxury car unit has named Mark Del Rosso to become CEO of its Americas operations, the brand’s largest market, effective May 1.

BMW Moves Ahead on Factory in Mexico, Hedges on U.K. Facilities

March 21, 2017 at 1:24 PM

BMW AG says is moving ahead with plans to open a $1 billion carmaking complex in San Luis Potosi, Mexico, in 2019.

Toyota Aims to Make Brazil an Export Base

March 17, 2017 at 12:00 AM

Toyota Motor Co. tells reporters in Brazil it intends to increase local content for vehicles it makes there and begin exporting them to more countries in Latin America.

Bridgestone Targets 5%-6% Growth in Americas

March 14, 2017 at 12:16 AM

Bridgestone Corp. predicts its annual operating profit in North and South America will average between 5% and 6% over the next several years, enabling the region to contribute more than half the tiremaker’s group profits.

Nissan Confirms Mexico Plant Will Open in 2018

February 09, 2017 at 2:01 PM

Nissan Motor Co. says it will go forward with plans to begin making Infiniti-brand luxury QS30 small crossover vehicles in Mexico a year from now, regardless of the Trump administration’s vow to revamp or abandon the North American Free Trade Agreement.

Japanese Brake Supplier Drops Mexico from Plant Site List

February 08, 2017 at 4:26 PM

Japan’s Nisshinbo Holdings says it has scrapped plans to build a brake components factory in Mexico because of U.S. President Donald Trump’s determination to revamp or abandon the North American Free Trade Agreement.