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Surge in Brazil’s Vehicle Manufacturing Marks Industry High
In February, Brazil's vehicle sector saw a remarkable 24.3% increase in production from January, reaching 189.7 thousand units. This uptick was highlighted by the...
Stellantis Unveils the Auto Industry’s Largest Commitment in Brazil
Stellantis announced a $6 (RS30) billion investment in Brazil for 40 new models by 2030, including its first hybrid cars.
Details for Betim, Porto Real,...
Toyota’s $2 Billion Boost to Brazil’s Economy
On Sunday, March 3, 2024, Vice President Geraldo Alckmin announced Toyota's $2 billion investment in Brazil.
This initiative aims to create 2,000 new jobs. Alckmin,...
Volkswagen Announces Second Phase of Investment in Mexico
Volkswagen's Mexican branch revealed on Friday a significant investment of approximately 1 billion US dollars.
This marks the second installment of the German automaker's investment...
Leading Lithium Supplier Foresees Price Increase
Albemarle Corporation signals a critical shift in the lithium market, emphasizing that the current low prices are unsustainable.
As the leading global lithium supplier, the...
Dutch Ex-PM and Wife Choose Euthanasia Together
On February 5th, Dries van Agt, a former Prime Minister of the Netherlands, and his wife, Eugenie, both 93, opted for euthanasia in Nijmegen,...
China Bolsters Brazilian Infrastructure with $54 Billion
Since 2003, China has invested $54 billion in Brazil, covering 100 projects.
This move aims to deepen China's ties with Latin America and showcases a...
2024 Sees Surge in Uruguay’s Utility Vehicle Sales
In January 2024, Uruguay's automotive market experienced a 4.2% increase in new vehicle sales, totaling 4,166 units.
This rise was primarily fueled by a significant...
Brazil Auto Sector Eyes $20.1 Billion Boost
Brazil's Vice President Geraldo Alckmin announced a groundbreaking $20.1 billion investment in the automotive industry.
This move, unfolding over five years, aims to erect at...
Lula’s Green Auto Investment in Brazil
Brazil's President Lula da Silva has launched a groundbreaking initiative targeting an eco-friendly transformation of the nation's auto industry.
He announced an investment of 41...
Volkswagen’s $1.8B Boost in Brazil for New Models
Volkswagen has announced a significant increase in its Brazil investments, planning to add R$9 billion ($1.82 billion) by 2028.
This move will push the company's...
China’s Markets Face Major Outflows from International Investors
In January, China's stock market experienced a significant shift as foreign investors withdrew a net amount of 14.5 billion yuan ($2 billion) from mainland...
Brazil’s Auto Industry Sees Major Boost
President Luiz Inácio Lula da Silva met with top executives from BYD and General Motors (GM), announcing a R$10 billion ($2 billion) investment in...
China’s Dominance in Car Manufacturing: Musk’s Insight
Elon Musk, Tesla's CEO, recently pointed out the strong position of Chinese car makers. He believes that without trade limits, they could lead globally.
In...