Venezuela

Venezuelan President Hugo Chàvez is continuing his nationalisation drive, announcing on October 12 the public takeover of the country's largest independent auto lubricant company Venoco... 2010-10-13

The Venezuela government is aggressively pushing ahead with its drive for a state-owned auto company as it signs an agreement with private equity firm ZGT Automotive Corporation to... 2010-09-29

There are sign of growing cooperation between Iran and Venezuela after Iran's Automotive Industry Development Company (AIDCO) held its third exclusive car exhibition in Caracas.A number... 2010-09-02

The Venezuelan Chamber of Auto Parts Trade (Canidra) has warned carmakers are likely to face fresh shortages of auto parts due to severe delays from the Foreign Exchange Administration... 2010-07-21

Auto production in Venezuela fell over 20% year-on-year (y-o-y), to 43,057 units, in the first five months of 2010, testifying BMI's view there will be little let-up for the country's... 2010-06-08

BMI expects little respite for autos production in Venezuela in the short term, despite two significant new manufacturing deals reached by the country. After nearly a 17.5% year-on-year... 2010-04-30

There has been little in the way of good news for Venezuelan carmakers of late and the industry faces a new round of challenges in 2010. The first bad news came in January 2010 when... 2010-02-24

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