Venezuela

The used market in Venezuela is booming due to a lack of new cars in the market. This has significantly pushed up the price of used vehicles, making them more expensive than new

US carmaker General Motors (GM) has revealed that it will be temporarily suspending production at its manufacturing plant in Venezuela from June. The decision comes as a result of... 2009-05-21

The Venezuelan autos market is in a state of collapse, which is having a knock-on effect on domestic manufacturing. Meanwhile, the Ministry of Energy and Petroleum has confirmed that... 2009-04-28

US automotive manufacturer General Motors' (GM) Colombian subsidiary General Motors Colombia plans to export some 10,000 vehicles to Venezuela in 2009. GM Colombia's President Santiago... 2008-12-31

Local industry sources have reported that the ongoing crisis at Johnson Controls, an automotive seats manufacturer, has disrupted productions for auto manufacturers based in Venezuela.... 2008-11-14

Two major Russian auto manufacturers, AvtoVAZ and Sollers (formerly Severstal-Avto), are currently discussing the possibility of a joint venture (JV) to enter the Venezuelan market.... 2008-09-24

US automotive manufacturer General Motors (GM) seems to have been facing a series of problems in its Venezuelan production facility. The automaker's Valencia Automotive Complex, located... 2008-09-12

Car sales in Venezuela dipped by almost 41.4% year-on-year (y-o-y) in May as a result of the government's quota restrictions of a maximum of 219,000 imported vehicles, including motorbikes... 2008-06-18

Venezuela Mobile (VM), the social programme that waives the VAT on certain vehicles is set to come to an end in June 2008 as the relevant tax rules expire. Although car sales have... 2008-04-24

Renault has earmarked investment of VEB40bn (around US$18.6mn) for its Venezuelan operations. According to company sources, the carmaker will use the capital to