Industry Developments

French carmaker Renault has received a loan of BRL373.5mn from the Brazilian development bank BNDES to support its local manufacturing projects in the country. BMI believes the development... 2012-04-13

There is cautious optimism in Venezuela's autos production segment, thanks to an increase of almost 21% year-on-year (y-o-y) in local production, to 29,261 units, in Q112 and the completion... 2012-04-12

In view of the importance of Latin America to Fiat's overall sales performance, the Italian company has announced plans to invest ARS1,250mn in Argentina. This will see the carmaker... 2012-04-11

Vehicle demand in Argentina showed signs of moderation in Q112, with a marked slowdown in growth in both the new and used car markets. The figures are in line with BMI's long-held view... 2012-04-10

The Brazilian government has recently adopted a two-pronged approach as a part of its broader attempt to provide all-round support and bolster its threatened autos manufacturing segment.... 2012-04-05

Opel Chile, the local division of General Motor Company's European subsidiary, has joined hands with GMAC, in a move which BMI believes is aimed at taping the Chilean consumer appetite... 2012-04-03

Thanks to strong demand from Mexico's traditional trade partner, the US, Ford Motors has committed a hefty US$1.3bn investment in Mexico while Germany's Volkswagen (VW) has revealed... 2012-04-02

Although the average fuel price in the US has reached around US$3.92 per gallon, heading ever closer to the record of US$4.11 last seen in 2008, the effect on vehicle sales could not... 2012-03-30

As Chinese carmakers show an increasing interest in Sub-Saharan Africa, BMI believes Foton Motor stands out in its efforts to increase its presence and gain a competitive advantage,... 2012-03-29

Nissan Motor's position as the largest autos producer in Mexico has helped it bag the biggest quota - of US$90mn - for car exports to Brazil, reports from the Venezuelan autos parts... 2012-03-27