More in South America

  • Newswire

    Argentina, Brazil Sign New Car Trade Pact  

    The revival of the auto agreement is crucial to restore trade volumes and help close widening gaps in their external accounts. The pact expired last year during a dispute over its terms....More
  • Newswire

    Brazil Auto Production Up 1.6% in April  

    Although vehicle production in the world's fourth-largest auto market showed a 1.6% uptick from March, output was down 21.4% from a year earlier. April sales rose 21.8% from prior-month but were off 12.1% year-over-year....More
  • Newswire

    Parts Shortages Halt Ford Venezuela Operations  

    Employees at the plant in Valencia say operations will be shut down through May because foreign-currency shortages are curtailing imports of parts....More
  • Newswire

    Industry Group Says Brazil Car Sales Rate Jumping  

    An industry executive says new-vehicle sales in the country so far this month are running about 30% ahead of March levels....More
  • Apr 11, 2014

    Venezuela President Plays With Fire as Auto Sales Plunge

    New-vehicle deliveries tumbled 87% in January and 89.9% in February, marking the lowest level since 2003 when the country was ensnarled in a nationwide strike against Chavez....More
  • Newswire

    Toyota Venezuela Suspends Production  

    The automaker, which dominates car production in the country, cites a parts shortage in shuttering the plant indefinitely....More
  • Newswire

    UPDATE 1-Brazil auto sales down in 2013, first time in a decade  

    By Brad Haynes and Marcela Ayres SAO PAULO, Jan 7 (Reuters) - Motor vehicle sales in Brazil fell last year for the first time in a decade as weak consumer confidence and tighter credit weighed on the world's fourth largest car market. Auto sales fell 0.9 percent in 2013 after averaging more than 10 percent annual growth in the previous 10 years, national automakers' association Anfavea said on Tuesday....More
  • Newswire

    Brazil New-Car Tax Edging Up in 2014  

    Many analysts expected the industrial products tax on cars and other consumer goods to return to the original rate of 7% after being cut to 2% in 2012, but the government instead will raise it to 3% in January....More
  • Newswire

    UPDATE 2-EU takes Brazil to WTO over "protectionist" car taxes  

    * EU unhappy with 30 percent tax on vehicle imports * EU is Brazil's top trading partner, seeking trade deal * Brazil says taxes respect international trade rules By Robin Emmott BRUSSELS, Dec 19 (Reuters) - The EU launched a case against Brazil at the World Trade Organization on Thursday over the South American nation's taxes on imports from cars to computers, but insisted the dispute should have no bearing on delicate free-trade talks....More
  • Newswire

    Audi Chasing BMW by Boosting New-Product, Plant Investments  

    Volkswagen Group's luxury division says with the addition of factories in China and Mexico it will build more cars outside Germany than within the country in 2014....More

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