Industry Developments

Despite increasing trade within the Mercosur region, member countries do not seem to be prepared for a free trade arrangement within the region. As such, the ongoing talks about the... 2008-08-14

Cam, the electric car subsidiary of Spanish company Endesa, has recently launched the Indian electric car Reva in the Chilean capital of Santiago. With the permits likely to be approved... 2008-08-13

Despite its attempts to shift away from the pick-ups and SUVs that have been a drag on sales as of late, General Motors (GM) is not entirely abandoning the segments that have traditionally... 2008-08-13

German automobile manufacturer Daimler AG announced that its Mercedes-Benz unit will increase its production of trucks, buses and auto accessories in Brazil. The expansion will entail... 2008-08-12

US carmaker Ford has achieved its goal of cutting 15% of its North American salaried workforce by August 1. As the company looks to further reduce costs, the white-collar job cuts... 2008-08-07

As financial pressures take their toll on the 'Big Three' carmakers, the Detroit News has reported a potential collaboration between Ford and General Motors (GM). Quoting company... 2008-08-06

US carmaker Chrysler has renegotiated the capital for its financing division and paid a higher rate of interest on the 'conduit financing', according to the UK's Financial Times.... 2008-08-05

Japanese automotive manufacturer Toyota's trading company, Toyota Tsusho Corp, revealed its plans to build an ethanol mill in partnership with Brazilian oil giant Petrobras. A local... 2008-08-05

After almost two months since its launch in the Argentine market, Chery's Uruguay built SUV, Tiggo, seems to have been well received owing to its competitive pricing and strong product... 2008-08-04

General Motors is the latest carmaker to plan cutbacks for its salaried workforce. The company will reduce its US and Canadian white-collar staff by 15% - equating to around 5,100... 2008-07-31