Brazil needs the approval of each nation in the Mercosur trade bloc, including Argentina, to revamp its automotive accord with Mexico. Meanwhile, Argentina is pressing Brazil to buy more of its auto parts....More
Renault's CEO predicts global industry sales will grow 4% this year but decline 3% to 4% in Europe and fall 7% to 8% in France. He says the auto maker intends to maintain its momentum in overseas markets such as Russia and Brazil....More
PSA Peugeot Citroen’s 2012 priorities include cutting costs by E1 billion, successfully launching four cars in Europe and reducing debt. The auto maker also will continue expanding in China, Russia and Latin America....More
The Swedish-based auto maker is confident it can achieve its lofty sales goal, claiming its deliveries climbed 25% in the U.S. last year and 20% worldwide, making Volvo the fastest-growing luxury brand on a percentage basis, according to its own data....More
The sharp drop in imports began even though auto makers including China’s JAC and Chery, and Germany’s BMW and Mercedes-Benz, chose not to pass all of the 35% tax hike along to the consumer....More
New-vehicle sales in Brazil, the region’s largest market, grew 3.4% to 3.63 million last year. The result not only marked a record high for auto makers there, but also was the eighth consecutive annual increase since 1.38 million deliveries in 2003....More
The WardsAuto forecast calls for U.S. auto makers to sell 1.09 million LVs this month, lifting the SAAR to 14 million-plus units for a second consecutive month.
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