Venezuela

Private car importers in Venezuela are having to streamline or significantly downsize their operations due to poor demand. BMI points outs out that the car import business looked... 2010-02-17

Following the devaluation of the bolivar from VEB2.15/US$ to VEB4.30/US$ from January 8 2010, Venezuelan autos suppliers have begun to evaluate the possible impact of the ruling on... 2010-01-26

Vehicle production in Venezuela fell 17.4% year-on-year (y-o-y), to 111,554 units during 2009, the Venezuelan Automobile Chamber of Commerce (Cavenez) has estimated. BMI believes... 2010-01-08

There could be an influx of Chinese cars into the Venezuelan autos market as a result of strengthening trade relations between the two countries. Venezuela's state-run Agencia Bolivariana... 2009-12-23

Nearly two years since the imposition of restrictions on vehicle imports, Venezuela is struggling to bolster its domestic autos production. Although imports have fallen as expected,... 2009-12-14

The Venezuelan government has increased its stake in the Venirauto assembly plant from 49% to 64.04% through the Venezuelan Corporation of Intermediate Industries (Corpivensa). The... 2009-12-07

News: According to El Universal, Venezuela's Minister of Science, Technology and Intermediate Industries (Mctii), Jesse Chacón, has stated that the government has granted its approval... 2009-11-17