SAO PAULO — Vehicles in Argentina may soon be priced in U.S. dollars rather than pesos as the country's currency continues to slide. The peso had been pegged at 1 to the dollar in December of last year but has been fluctuating between 2.81 and 3.40 to the dollar in recent days. Since January, Renault SA has increased its car prices between 50% and 60%, Fiat SpA, 85% and Ford Motor Co., 650% in order to compensate for the devalued peso. Renault spokesman Luis Calegari says the price hikes ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.