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Magna hit by antitrust regulator probe in Brazil


Magna International’s shares dropped the most in over two years after the company announced it received a visit at the auto-parts maker’s Brazilian headquarters from the country’s antitrust authorities. Auto parts suppliers around the world have been subject to numerous monopoly practices investigations in recent years, the most famous being lately the probes initiated by the Chinese authorities. But China’s antitrust ...
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More South America articles

EXCLUSIVE: Dacia Sandero RS to be sold as a Renault, will not reach Europe
The rumored Dacia Sandero RS has been recently confirmed by the car manufacturer but the model in question will be sold as a Renault and it will not become available ...
Report – VW to set up a planning center in Brazil
According to people familiar with the proceedings, Volkswagen AG is planning to revive sales in the largest South American nation – Brazil – by setting up a planning center. The fourth-biggest ...
Ford braces for big loss in South America
The US automaker said it’s forecasting for the second quarter big losses in its South American operations, with the key factors being Venezuela's foreign exchange rate changes and the region’s ...
Report – Mitsubishi could provide pick-up to Fiat
According to people familiar to the Italian automaker’s plans, Fiat plans to collaborate with Mitsubishi and offer in its line-up a big pick-up truck designed for the European and Latin ...
Report – Ford halts Venezuelan production
According to the facility’s workers, the No.2 US automaker, Ford, has decided to suspend vehicle assembly in the South American country as the lack of foreign currency prevents the plant ...
Ford concerned about 2014 profit from Argentina, Venezuela
The US automaker joined companies expressing concern that economic turmoil in Venezuela and Argentina could spell trouble for 2014 profits. Consumer prices jumped more than 50 % last year in Venezuela ...
Volkswagen delivers almost 6m passenger cars in 2013
Volkswagen has delivered almost 6 million passenger cars last year with more than 1.5 million of them finding new owners in Europe, where the situation still remains difficult. The German based ...
Venezuela wants to regulate car prices to stop inflation
In the latest move to control the highest inflation rate in the Americas, President Nicolas Maduro's socialist government issued a decree regulating the prices of used and new cars. Maduro, 51, ...
[VIDEO] New-gen Renault Logan was introduced to Brazil
Renault has introduced the new generation of the Logan to Brazil, where the cheapest version of the model has been priced from 10,643 euros. The 2014 Renault / Dacia Logan has ...

latest automotive news
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