Industry Developments

Estimates from the National Association of Automaker Financing Companies (Anef) have shown that default rates on Brazilian auto loans reached their highest level in almost three years,... 2012-03-26

We expected passenger car sales to end 2011 down by around 2% and results for November and the first 11 months combined are in line with this view. Passenger car sales rose 1.5% y-o-y... 2012-03-23

Local sources have revealed that US carmaker Johnson Control (JCI) is looking to consolidate its operations in Mexico by moving production from its Puebla plant to Queretaro.BMI believes... 2012-03-21

As Mexico gradually emerges as the South American autos manufacturing hub, local parts suppliers are coming under increased pressure to improve their quality and meet standards demanded... 2012-03-20

Snavely Machine & Manufacturing is looking to invest US$1.4mn towards introducing new production lines for the nine-speed transmissions to be used in Chrysler vehicles. Although... 2012-03-16

Local news sources have reported that a group of South Korean investors are keen on investing a hefty US$600mn towards setting up the facility in the country, in a move which will... 2012-03-15

A few weeks after launching its four vehicle dealerships in Venezuela, Chery is attracting huge interest from Venezuelan consumers which has prompted the company to target assembly... 2012-03-14

The government's tightening grip on the local autos manufacturing and suppliers network has given BMI more reasons to be pessimistic about the recovery and future of the production... 2012-03-09

South Carolina (SC) is now the leading US state for both vehicles and tyres, bolstering BMI's view that its business environment is supportive of the state becoming a major hub, especially... 2012-03-07

Vehicle production in Argentina grew a robust 28.8% year-on-year (y-o-y), to 54,159 units in February, taking the two months cumulative production up 8.1% y-o-y, to 96,170 units, according... 2012-03-06