Industry Developments

US carmaker General Motors has recorded a 4.6% y-o-y increase in sales for June in Canada, finally providing some hope for the manufacturer in its own region. The passenger segment... 2006-07-07

The Latin American automotive market is traditionally volatile, plagued by a recent financial crisis throughout much of the region and often threatened by political instability. However,... 2006-07-07

The strengthening of the peso in April and early May was short-lived, as we had expected. With the conclusion of a seasonal upturn in exports, and EM assets selling off, the peso... 2006-07-06

The recent currency crisis has exaggerated the gap between rich and poor. There is also a marked gap between the industrialized north and the rural south and between those whose lives... 2006-07-06

The premium car market in Latin America is estimated at 69,000 units in 2005, or 2% of the total car market of 3.44m units. The Mexican premium car market has shown strong growth... 2006-07-06

Japanese carmaker Honda has chosen Indiana as the location for its sixth North American plant. The site in Dacur Country, near Greensburg is just an hour from Honda's existing plants... 2006-06-29

Argentina and Brazil have reached a new two-year agreement on automotive trade between the two countries, after the previous deal was extended to give extra time for negotiations.... 2006-06-27

Japanese carmaker Nissan has broken ground on its new North American headquarters in Nashville, Tennessee. The office is being relocated from California, due to Nashville's lower... 2006-06-23

The Brazilian unit of German carmaker Volkswagen is engaging in a two-pronged strategy for reducing its workforce. The local metalworkers union claims that its has been informed of... 2006-06-21

Indian motorcycle manufacturer Bajaj Auto has revealed that its second overseas facility will be based in Brazil. According to Executive Director Sanjiv Bajaj, the site will be an... 2006-06-19