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.

Mexico’s Auto Exports Rose 12% in June

July 10, 2017 at 12:17 PM

Carmakers in Mexico built 334,600 vehicles last month, and exports grew 12% to 276,600 of them, Reuters reports, citing data from trade group AMIA.

Mexico Claims Carmakers Want No Change to NAFTA Local Content Rule

May 23, 2017 at 12:30 AM

The head of Mexico’s auto industry trade group tells Reuters that carmakers in North America agree there should be no change in the North American Free Trade Agreement’s local content standard.

Mexico’s Auto Exports Jump 16%

May 08, 2017 at 5:23 PM

Mexico exported 228,800 vehicles in April, the Mexican Auto Industry Assn. reports.

GM to Take $100 Million Writeoff on Venezuelan Business

May 02, 2017 at 2:23 PM

General Motors Co. says it will book a charge of as much as $100 million after its assembly plant in Valencia, Venezuela, was seized last month.

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.