BrazilBrazil auto production sets new record in May 11:42 am U.S. ET | June 6, 2013  Brazil produced a record number of automobiles in May as car makers took advantage of tax breaks on locally made vehicles. Production edged up 0.3 percent from April to 348,100 new cars, trucks and buses, the national automakers association Anfavea said today.... Read More »
KEITH CRAIN The more things change 12:01 am U.S. ET | June 3, 2013  It doesn't seem that long ago that a lot of us were driving station wagons. It looks to many like we have slowly migrated back into three-row vehicles.... Read More »
A small(er) Ford crossover for U.S.? 12:01 am U.S. ET | June 2, 2013  Ford has developed a smaller, Fiesta-based crossover called the EcoSport in Brazil for global markets. Now executives are hinting that it may bring the EcoSport to the United States.... Read More »
Acura eyes emerging markets 12:01 am U.S. ET | May 27, 2013  Honda's Acura Division has mostly been a North American entity during its 28 years of existence, but Honda plans to take its upscale brand onto the global stage. Honda has announced plans to introduce Acura in Russia and the Ukraine in 2014 and move into Brazil and the Middle East in 2015. There is now a fledgling Acura sales operation in China that Honda aims to expand.... Read More »
LUCA CIFERRI U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines 12:01 am U.S. ET | May 21, 2013  Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall.... Read More »
LUCA CIFERRI U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines 12:01 am U.S. ET | May 21, 2013  Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall.... Read More »
Report: Vehicles sold in Brazil lack safety features 1:10 pm U.S. ET | May 13, 2013  Automakers are having widespread success selling vehicles in Brazil, but thousands of Brazilians are dying each year in auto accidents that experts blame on a combination of unsafe vehicles and often dangerous driving conditions, according to an Associated Press report.... Read More »
Audi may build Brazil plant but seeks clarity from governmentMay 5, 2013 06:01 CET  Audi will not build a vehicle assembly plant in Brazil until the laws governing what exactly is required to ensure a car is considered locally built are clarified, CEO Rupert Stadler said.... Read More »
Buy-sell activity, dealership values on the rise 11:12 am U.S. ET | April 30, 2013 Dealership buy-sell activity rose sharply at the end of 2012, and the upswing, which is pushing dealership values higher, is continuing during the first half of 2013.... Read More »
GM workers at Brazil plant vote to strike over pay, work week 2:55 pm U.S. ET | April 24, 2013 Workers at General Motors' Gravataí Industrial Complex in southern Brazil voted to strike on Wednesday over demands for higher pay and a shorter work week.... Read More »
VW, BMW, Daimler plan $25 billion hedge by building more autos abroadApril 16, 2013 08:34 CET  Volkswagen and its German peers are planning to spend more than $25 billion by 2017 to expand production outside their home region and insulate themselves from currency convulsions.... Read More »
LUCA CIFERRI Germany stumbles in global sales race 12:01 am U.S. ET | April 4, 2013  Germany knows just how powerful the BRIC nations have become. Once the world’s third-largest vehicle-sales market, Germany is at risk of falling to seventh in the global ranking this year because of the rise of the BRICs (Brazil, Russia, India and China).... Read More »
Group 1's foothold in Brazil 12:01 am U.S. ET | Jan. 28, 2013  Group 1 Automotive Inc. plans to acquire one of Brazil's largest dealership groups. In a single move, the Houston company will add almost as much in annual revenues as it did with all of its 2012 acquisitions and will establish a retail foothold in the world's fourth-largest new-vehicle market.... Read More »
How will GM look under Akerson's global brand push? Brazil gives clues 12:01 am U.S. ET | Jan. 26, 2013  As GM CEO Dan Akerson works on a global corporate reorganization, the decisions he faces are playing out in one of the company's most important emerging markets: Brazil. Akerson wants more accountability and flexibility among senior management as the U.S. automaker slugs it out globally with Toyota and VV. Among the choices he faces is whether one person in a country such as Brazil will oversee all operations or whether the top executive might be the country's Chevrolet chief.... Read More »
Group 1 deal for Brazil's UAB Motors opens new frontier for growth 8:38 pm U.S. ET | Jan. 24, 2013  Group 1 Automotive's plan to acquire one of Brazil's largest dealership groups signals another frontier for the U.S. auto industry's expansion-minded publicly traded dealership groups. Until now, Group 1 and Penske Automotive Group have concentrated on Europe when it came to overseas acquisitions while joining their four big peers in selectively adding U.S. stores.... Read More »
GM promotes Grace Lieblein to head of global purchasing, supply chain 10:06 am U.S. ET | Dec. 18, 2012  General Motors has appointed the head of its Brazil operations as the company's global purchasing czar. Grace Lieblein, 52, will oversee GM's $77 billion annual purchasing budget as the company's vice president of global purchasing and supply chain, GM said in a statement today. She will assume the post immediately, reporting to GM Vice Chairman Steve Girsky.... Read More »
Argentina, Mexico reach new automotive trade accord 12:42 pm U.S. ET | Dec. 14, 2012 Argentina reached a new automobile trade pact with Mexico that cuts the number of cars it will import duty-free, a top Argentine official told local radio on Friday.... Read More »
GM, Peugeot halt talks on deeper tie-up, report says 11:19 am U.S. ET | Nov. 13, 2012  GM and alliance partner PSA Peugeot Citroen have halted talks on a deeper tie-up amid misgivings about the French carmaker's worsening finances and government-backed bailout, people familiar with the matter told Reuters.... Read More »
Fiat, VW face Brazil challenge as GM, Hyundai threaten their dominanceOct. 23, 2012 11:04 CET  Fiat and Volkswagen have dominated Brazilian auto sales for years, holding the top two spots. Now, GM and Asian rivals are gaining share in a market the European carmakers had been counting on to offset weak demand in their home region.... Read More »
BMW plans $261 million plant to tap Brazil's growing marketOct. 23, 2012 06:01 CET  BMW will invest $261 million in a Brazil factory to boost sales in the fast-growing market and to counter Audi.... Read More »
VW shifts cars to China, expands in Brazil to offset weak EuropeOct. 22, 2012 18:49 CET  Volkswagen is exporting cars to China and expanding factories in Brazil in an effort to offset declining demand in Europe.... Read More »
Acura, BMW and Cadillac eye Brazil's luxury car market 6:07 pm U.S. ET | Oct. 22, 2012 Honda Motor plans to sell its Acura brand in Brazil beginning in 2015, making it the latest carmaker to aim its luxury vehicle lineup at the country's buoyant high-end consumer market. And BMW has decided to take the plunge with an investment of 200 million euros ($261 million) in a Brazilian factory announced on Monday after top executives met with President Dilma Rousseff.... Read More »
Sao Paulo auto show: GM plans seven new models for Brazil 4:03 pm U.S. ET | Oct. 22, 2012  The Cruze, GM's top-selling vehicle worldwide, went on sale in Brazil late last year as part of GM's most aggressive new-product push ever in the country and part of a plan to become solidly profitable again in South America. The effort is highlighted by seven new vehicles going on sale this year, including the subcompact Onix being displayed at the Sao Paulo auto show this week.... Read More »
Akerson: GM wants investment-grade interest rate for expanded credit line 10:21 am U.S. ET | Oct. 22, 2012  GM, which has junk credit ratings, aims to double its revolving credit line to $10 billion at the same interest rates as if it were an investment-grade company, CEO Dan Akerson said.... Read More »
Volkswagen plans to invest $4.4 billion to expand in BrazilOct. 22, 2012 06:01 CET  Volkswagen plans to invest $4.4 billion in upgrading its model lineup and factories in Brazil as part of its goal to become the world's biggest carmaker by 2018.... Read More »
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 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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