Venezuela

Iran Khodro has announced a date for the launch of its Samand "world car" in Venezuela, following a high profile visit to the Latin American country by Iranian President Mahmoud Ahmadinejad.Ahmadinejad... 2006-09-19

MMC Automotriz has emerged as the fourth biggest carmaker in Venezuela. The company produces vehicles in the country for the Japanese carmaker Mitsubishi and Hyundai of Korea. MMC... 2006-09-05

Venezuela's car industry is in robust form. Consumer confidence has risen on the back of a strong economy, which grew by 9.4% in the second quarter of 2006, and which is being buoyed... 2006-08-30

Demand for cars in Venezuela is currently such that buyers may face a wait of up to 12 months before they can drive off with their new vehicle. The current climate of attractive financing... 2006-08-17

Vehicle demand boomed in 2004 and 2005, having recovered from a deep trough in 2003, when foreign exchange controls took their toll on the manufacturing sector. In 2005 GDP expanded... 2006-08-04

Iran Khodro is continuing its drive to promote the Samand model in developing countries, through contracts signed with partners in Bulgaria and Venezuela.The Iranian company's leading... 2006-06-19

The Venezuelan automotive market has continued to shown signs of vigorous recovery in 2005, as currency restrictions are relaxed further. Manufacturers have been freed up to try and... 2006-06-09

GM led the Venezuelan market in 2004 with sales of 41,578 units overall, securing a 30.95% market share. Results for 2005 show GM maintaining this lead on a market share of 28.65%... 2006-05-15

A rise in global oil prices is not always a constraint on the automotive industry as Venezuela is proving. The world's fifth-largest oil exporter is naturally benefiting from the... 2006-03-07