Industry Developments

Italian automobile manufacturer Fiat has reaffirmed its outlook for Brazil, stating that the carmaker sees continued solid auto sales in Brazil and will continue with its planned... 2008-10-27

Japanese tyre and rubber products manufacturer Bridgestone Group recently inaugurated a carbon black manufacturing plant in Tamaulipas, Mexico. The wholly owned subsidiary of the... 2008-10-23

Tracinda Corp, the investment firm of US billionaire Kirk Kerkorian, has reduced its stake in Ford at a considerable loss. Just four months after acquiring 20mn shares in a tender... 2008-10-22

US electric carmaker Tesla will wait for the finalisation of its loan guarantee from the Department of Energy (DoE) before beginning production of its Model S in earnest. Local press... 2008-10-16

German luxury carmaker BMW has opened a regional purchasing office for auto spare parts in Mexico. The Mexican operation has been established in line with the auto manufacturer's... 2008-10-16

A report in Japan's Nikkei Business Daily (NBD) has claimed that Mazda has abandoned plans to build a second production plant in the US, due to the contracting market. However, a... 2008-10-15

Two major auto manufacturers, Fiat and General Motors (GM), have announced production cuts in their Brazilian subsidiaries as auto demand in Brazil begins to slow down. Fiat spokesperson... 2008-10-15

South Korea's largest auto manufacturer, Hyundai Motor, has rounded off its strategy for emerging markets with the announcement of a new automotive plant in Brazil. The automaker... 2008-10-13

German automotive manufacturer Volkswagen (VW)'s Mexican subsidiary has expressed concerns that it may fall short of its production target in Mexico. Despite achieving a 17.2% year-on-year... 2008-10-09

As election campaigning reaches its final stages in Canada, the government has pledged to further support the beleaguered auto industry with additional injections of US$50mn per year... 2008-10-09