True to its history of rise, fall and rise again, Brazil’s auto industry has no intention of fading away, despite a stagnant economy that remains unaffected by the postponement of the government’s IPI tax increase on vehicles.
Global car companies count on exports to buoy their bottom line, and many build cars overseas where they sell them. But while some key markets appear to be thriving, outlooks are cautious for others that are forcing lowered expectations.
The KMWU’s wage-hike demand is 252% higher than the 63,000-won monthly increase agreed upon in 2014, and it seeks bonuses 43% to 238% higher than the average 10.5 million won paid out last year....More
Higher fuel prices in May did not keep truck penetration from rising above year-ago for the 28th straight month, but large trucks posted their first year-over-year market-share decline since October....More
It used to be no one got to see the new model before its big reveal. Now automakers are leaking early glimpses of future cars and trucks through spy photographers and other means. Is this a good thing?...More