Post Tagged with: "brazil auto industry"

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Audi to make decision on Brazil plant in 2013

Audi to make decision on Brazil plant in 2013

Audi will decide next year whether to start making cars in Brazil again, following BMW’s plans for a new plant in the country and rumours that Acura and Infiniti are on the way. According to Audi Brasil boss Leandro Radomile, the project is in its initial phase, with nothing defined […]

BMW reconfirms plans to build a plant in Brazil

BMW reconfirms plans to build a plant in Brazil

BMW plans to build a new assembly plant in Brazil, to capitalize on the growing market for luxury cars in Latin America’s largest economy. BMW chief financial officer Friedrich Eichiner told Reuters that the carmaker is currently negotiating terms with the local government. “We are on track and will now […]

Brazil: Auto output down 7.6% on Year despite sales jump

Brazil: Auto output down 7.6% on Year despite sales jump

Automobile production in Brazil fell in June to 261,333 cars and light commercial vehicles, a 4% drop from the 2011 month. Auto output dipped 2.6 percent while sales jumped 22.9 percent in June from May, automakers association Anfavea said on Thursday. June is the third consecutive month that output has […]

Brazil hopes to steer automotive growth with tax cuts

Brazil hopes to steer automotive growth with tax cuts

Brazil on Monday unveiled a series of tax and credit incentives aimed at boosting auto sales in its latest attempt to restore a lost economic boom. The global economic and financial crisis “creates problems for emerging markets as a whole,” said Finance Minister Guido Mantega at a news conference. “It […]

BMW announces new investment in Brazil plant

BMW announces new investment in Brazil plant

BMW will build a new factory in Brazil in order to meet global growing demand following record sales this year, the company’s CEO announced. According to Norbert Reithofer, BMW is still deciding on a site for the plant, which will help BMW increase its sales to 2 million units by […]

Brazil auto sales down 2 percent in November

Brazil auto sales down 2 percent in November

Brazil auto sales recorded a 2 percent decrease in November compared with the same month last year but grew 16 percent over October. The main cause for the slowing market compared to 2010 is that consumer demand continues to shrink in the face of a global economic downturn, Brazilian auto […]