Americas

VW Vows €1.8 Billion Expansion Plan for Brazil

November 16, 2017 at 2:35 PM

Volkswagen AG says it plans to invest €1.8 billion ($2.1 billion) by 2020 to introduce 20 new models in Brazil.

VW Plans $650 Million Upgrade in Argentina

November 10, 2017 at 3:28 PM

Volkswagen AG says it will invest €560 million ($653 million) to prepare the company’s Pacheco factory outside Buenos Aires to build a new compact SUV for the region.

Mexico’s Car Production Jumps to Record High

November 08, 2017 at 4:13 PM

Local production of cars and light trucks in Mexico grew 11% to an any-month record high of 365,100 units in October, the Mexico Auto Industry Assn. (AMIA) reports.

GM Debuts Chinese-Made Chevrolet Sail Minicars in N. America

October 31, 2017 at 2:14 PM

General Motors Co. has begun supplying North America with the Chevrolet Sail supermini made by its joint venture with SAIC Motor Corp. in Yantai, China.

Toyota Rethinks Plan for New Factory in Mexico

October 24, 2017 at 5:00 PM

Toyota Motor Corp. has abandoned plans to build Corolla sedans at an annual rate of 200,000 units in the $1 billion factory it intended to open in Guanajuato, Mexico, in 2019.

Brazil’s Carmakers Foresee 10% Growth in 2018

October 10, 2017 at 2:51 AM

New-car production in Brazil will climb 10% to 3 million units next year, predicts trade group ANFAVEA.

Toyota to Build Yaris Minicars in Brazil

September 27, 2017 at 1:10 AM

Toyota Motor Corp. says it is spending 1 billion reais ($316 million) to equip its factory in Sorocaba, Brazil, to assemble the Yaris subcompact, five-door hatchback for the local market.

Outlook: Steady Sale Growth Ahead for South American Car Market

September 20, 2017 at 5:32 PM

The South American car market has ended four years of sharp decline and is headed for slow but steady growth through at least 2024, LMC Automotive predicts.

No Serious Quake Damage to Auto Operations in Mexico

September 20, 2017 at 3:30 PM

Most carmakers report minor or no damage to their offices and factories after Tuesday’s magnitude 7.1 earthquake near Mexico City killed at least 225 people.

Toyota’s Success in Latin America

August 28, 2017 at 2:05 AM

Car sales in Latin America plunged from 6.2 million units in 2013 to 4.2 million last year. But Toyota nearly doubled its market share in the same period.

GM Invests Another $981 Million in Brazil

August 28, 2017 at 12:45 AM

General Motors Co. plans to spend 3.1 billion reais ($981 million) to expand two factories in Brazil that make Chevrolet brand vehicles.

Toyota Delays Launch of New Plant in Mexico

August 10, 2017 at 12:12 AM

Toyota Motor Corp. says production at its new factory in Guanajuato, Mexico, won’t begin until the first half of 2020, roughly a year later than planned.