South America

Armored-Car Demand on Rise Worldwide, Utah Company Says

Tue, 22 May 2012 11:00:00 +0000

Because of poor roads and rural conditions in areas where demand for armored vehicles is on the rise, International Armoring mostly modifies SUVs, including the Range Rover, Toyota Land Cruiser and Chevy Suburban.

Tight Credit Blamed for Brazil Sales Slip

Fri, 11 May 2012 10:30:00 +0000

Analysts are reducing their 2012 volume projections in light of the first-quarter sales decline, which they attribute to lower purchasing power and greater difficulty in obtaining bank loans.

Brazil’s New Tax-Credit Policy Places Burden on Auto Makers

Tue, 08 May 2012 10:00:00 +0000

The government says its new policy is an effort to spur innovation by forcing global car makers to invest heavily in Brazil. But critics call it a thinly veiled attempt at protectionism.

Brazil Vehicle Sales Down 10.7% in April

Mon, 07 May 2012 18:41:00 +0000

WardsAuto Staff

Brazil vehicle sales totaled 257,875 units for April 2012.

Supplier Roundup

Fri, 04 May 2012 13:29:00 +0000

Ward's Staff

A roundup of this week’s news involving automotive suppliers.

South America Vehicle Sales Slip for Second Straight Month in March

Fri, 04 May 2012 09:00:00 +0000

Vehicle deliveries in Brazil dropped for a third straight month largely due to tighter credit and a newly imposed higher tax on imports. Both issues are expected to continue to have a negative impact on the market.

Brazil Aiding Domestic Auto-Parts Makers

Mon, 30 Apr 2012 09:30:00 +0000

The government’s stimulus package is associated with discounts on the industrial-product tax that are based on auto makers’ purchases of domestically made components.

Ford Posts $2.1 Billion Q1 Profit; Faces Headwinds in Europe

Fri, 27 Apr 2012 17:23:00 +0000

The auto maker remains strong in North American market, but says there are obstacles to overcome in Europe, South America and the Asia/Pacific and Africa regions.

Supplier Roundup

Thu, 12 Apr 2012 17:40:00 +0000

A roundup of this week’s news involving automotive suppliers.

Brazil Q1 Sales Drop for First Time Since 2003

Wed, 11 Apr 2012 10:00:00 +0000

The 5-year, no-down-payment loans that spurred sales in recent years have “practically disappeared,” and a 30% tax hike on imports also has hurt the market, an industry group says.