More in South America

  • Newswire

    GM Expects to Halt Venezuela Production in July  

    The automaker, which builds four vehicles and employs 3,000 people in Venezuela, is the latest U.S. corporation acting to protect its profits against the country's currency fluctuations....More
  • Newswire

    Renault Expanding Argentina Production  

    The French automaker will invest $100 million in its Santa Isabel plant to begin assembling Logan and Sandero models next year for sale in Europe under the entry-level Dacia brand....More
  • Newswire

    Brazil Negotiates Car-Import Quota Extension With Mexico  

    The countries' original 2012 agreement set a March 17 expiration date for Brazil's tariffs of up to 35% on imports of Mexican vehicles, but Brazil won an extension to buy time for its struggling auto industry to recover....More
  • Newswire

    Brazil, Mexico Continue Talks on Auto-Trade Deal  

    Mexico wants a 2012 agreement limiting vehicle exports into Brazil to expire as scheduled on March 19, while Brazil wants to extend the quota another three to five years....More
  • Newswire

    UPDATE 2-Ford takes $800 mln charge on Venezuelan currency woes  

    (Adds analyst comment, details of Ford operations in Venezuela.) By Bernie Woodall Jan 23 (Reuters) - Ford Motor Co said on Friday it was taking a charge related to its Venezuelan operations that will cut fourth-quarter net profit by $700 million, as companies scramble to shield their bottom lines from the country's volatile currency....More
  • Newswire

    VW Brazil Workers End 10-Day Strike  

    The automaker agreed to reinstate 800 laid-off employees and, according to union officials, offer annual raises of 1% plus inflation adjustments through 2019....More
  • Newswire

    UPDATE 2-Brazil automakers expect small rebound from 2014 slump  

    (Adds industrial production figures) By Alberto Alerigi and Brad Haynes SAO PAULO, Jan 8 (Reuters) - Automobile production in 2015 in Brazil will likely barely recover from a sharp plunge last year, as weak sales and exports drag on an industry quickly shedding jobs. Anfavea, the national automakers association, on Thursday forecast a 4.1 percent rise in vehicle output this year after a 15.3 percent drop in 2014 due to tighter credit, shaky consumer confidence and expiring tax breaks. Output rose 10 percent in 2013....More

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