Americas

Toyota’s Lexus Brand to Enter Mexican Market

April 26, 2019 at 12:00 AM

Toyota Motor Corp. says its Lexus luxury brand will enter the Mexican market at the end of 2021.

Brazil, Mexico Begin Free-Trade Deal on Cars

March 20, 2019 at 2:46 AM

Brazil and Mexico, Latin America’s two largest national economies, have begun a free-trade agreement for light vehicles, Reuters reports.

GM Plans $2.7 Billion Expansion in Brazil

March 19, 2019 at 2:20 PM

General Motors Co. says it will invest 10 billion reais ($2.7 billion) to expand two factories in Sao Paulo, Brazil, over the next five years.

Local Assembler May Buy Ford Truck Plant in Brazil

February 27, 2019 at 1:33 AM

Brazilian carmaker CAOA is negotiating to buy Ford Motor Co.’s truck plant in Sao Paulo that is slated to close later this year.

Ford Abandons Heavy-Truck Market in South America

February 19, 2019 at 3:55 PM

Ford Motor Co. is exiting the heavy-duty commercial truck business in South America this year.

GM May Spend $2.5 Billion for Tax Breaks in Brazil

February 01, 2019 at 1:46 PM

General Motors Co. may invest 9 billion reais ($2.5 billion) in Sao Paulo, Brazil, through 2022 in exchange for future tax breaks, according to Valor Economico, Brazil’s largest financial newspaper.

Mexico Posts Record-High Trade Surplus in December

January 28, 2019 at 3:51 PM

Mexico says its trade surplus with the U.S. climbed to a monthly high of $1.8 billion, including a 7% gain for auto exports to a total of $11.5 billion.

GM Seeks Tax Breaks on Money-Losing Plants in Brazil

January 23, 2019 at 12:00 AM

General Motors Co. is close to a deal on government tax incentives that will help its Brazilian plants in the state of Sao Paulo end years of operating losses, Reuters reports.

Toyota Truck Wins Dakar Rally

January 18, 2019 at 12:24 PM

Toyota Motor Corp.’s Gazoo Racing won the Dakar Rally in Peru with a specially equipped Hilux pickup truck.

Nissan Will Lay off 1,000 Workers in Mexico

December 20, 2018 at 4:40 PM

Nissan Motor Co. says “challenging market conditions” are pushing it to cut production and lay off a combined 1,000 hourly workers at two factories in Mexico.

Nissan Sues Ghosn’s Sister for “Unjust Enrichment”

December 13, 2018 at 4:02 PM

Nissan Motor Co. rhas sued former Chairman Carlos Ghosn’s older sister in a Rio de Janeiro court for “unjust enrichment,” Reuters reports.

Argentina Convicts Two Ex-Ford Officials in Torture Case

December 11, 2018 at 5:48 PM

A court in Buenos Aires found two former executives of Ford Motor Co.’s factory guilty of aiding in the torture and kidnapping of 24 plant employees four decades ago.