Industry Developments

MAN Latin America, the local division of German truck maker MAN, is looking to spend more than EUR400mn on expanding its production and research and development capacity in the region... 2011-10-25

BMI does not expect the value of US automobile imports and exports to recoup losses stemming from the global economic crisis until 2014. Nevertheless, a rebuilt Brooklyn terminal is... 2011-10-21

Brazilian automotive parts supplier Iochpe-Maxion has signed an agreement to acquire its Mexican counterpart Grupo Galaz for US$195mn in a deal which testifies to BMI's long-standing... 2011-10-21

Recovery in Venezuelan autos production is failing to gather momentum, despite three consecutive years of contraction between 2008 and 2010. Estimates from the Venezuela Automobile... 2011-10-20

Despite the poor year-to-date performance of autos equities in the US, we note that autos retailers, such as AutoNation (new and used cars) and AutoZone (auto parts), have outperformed... 2011-10-20

Gloom caused by fears of an impending slowdown in the major global auto markets and cooling demand in Brazil are beginning to affect confidence in the North American and the Latin American... 2011-10-18

Carlos Ghosn, the chairman and chief executive of Renault and Nissan Motor, has highlighted the challenges facing the adoption of electric vehicles (EVs) in Brazil, confirming BMI's... 2011-10-17

A combined US$500mn investment in local tyre production from Italian tyre maker Pirelli comes as a significant boost to the Argentine suppliers' segment and the government's overall... 2011-10-14

The long-awaited ratification of the Korea-US (KORUS) free trade agreement (FTA) will undoubtedly bring benefits for US carmakers, who have bemoaned a trade imbalance between the two... 2011-10-14

BMI expects the approval of the US free trade agreements (FTAs) with Colombia and Panama to be a significant boon for US carmakers and their growth strategies in the Latin American... 2011-10-13