June 2017 - Global News
Tire manufacturer Pirelli will indefinitely suspend production of tires in Venezuela due to issues related to securing supplies of raw materials.
Tags: Tires, General Motors, Global, Venezuela
Nissan confirmed during a meeting with Argentina’s president Mauricio Marci in Tokyo that it will produce vehicles in Argentina starting in 2018.
Tags: Nissan, Argentina, Global
April 2017 - News
Venezuelan government authorities took control of General Motors’ Valencia plant on April 19, seizing company vehicles and other assets. GM will cease operations in the country, effective immediately, the company announced.
Tags: General Motors, Venezuela, Assembly Plants, Global
May 2017 - Global News
DHL eCommerce has launched a business to consumer domestic delivery operation with customer-centric solutions in Chile.
Tags: DHL, Chile, Global
April 2017 - Global News
Chery launched the new TIGGO5 SUV in Chile, which will join the TIGGO2 and TIGGO3 to expand Chery's product line in the Chilean market.
Tags: Chile, Chery, Compact SUVs, Global
Copart, Inc. has opened its sixth location in Brazil, according to a company announcement. Its sixth location will be located in Betim, Minas Gerais and will offer a wide selection of salvage and used vehicles, the company noted.
Tags: Remarketing, Copart, Brazil, Auctions
March 2017 - Global News
The light commercial vehicle segment in Latin America is forecast to have a potential of one million vehicle sales per year.
Tags: Uruguay, Global, PSA Group
Brazil is the second fastest growing vehicle leasing market for Arval, according to financial data released by the company. Arval Brasil has experienced double-digit growth in its vehicle leasing portfolio, growing by 14%.
Tags: Leasing, Brazil, Global, Arval, BNP Paribas
February 2017 - Global News
Colombia has embarked on gigantic $70 billion infrastructure program, which promises to stimulate fleet sales to construction and engineering businesses in the country, according to a report by PCW.
Tags: Global, Colombia
Replacement demand for tires in Brazil is anticipated to grow at a faster rate during 2016-2021 than OEM tire demand. Some of the major players operating in Brazil's tire market are Pirelli, Michelin, Goodyear, Bridgestone, Continental and Rinaldi.
Tags: Brazil, Global, Tires, Forecast
February 2017 - Feature
The Venezuelan fleet market is comprised of local companies and multinational corporations, of which about 500 are U.S. companies with business operations in Venezuela. The strongest vocational segments for commercial fleet sales in Venezuela are oil companies, healthcare, and agriculture.
Tags: Fleet Sales, Venezuela, Global
January 2017 - Feature
The mining sector in Chile is one of the key pillars of the Chilean economy. Chile has huge copper reserves, producing more than one-third of all global copper output.
Tags: State of Fleet Market Report
The fleet market in Peru for 2016 is forecast to be around 10% of total automotive sales of 171,000 units, which is a decrease from 2015.
Tags: Peru, NAFTA, Commodity Prices, State of Fleet Market Report
January 2017 - Global News
The automaker posted a market share of 6.5%, up by 0.3 point in the Americas.
Tags: Brazil, Colombia, Argentina, Renault
TomTom (TOM2) has introduced its real-time traffic service in Argentina and Colombia, increasing the coverage in South America to four countries (after Brazil and Chile) and extending the global reach to 54 countries, the company announced.
Tags: TomTom, Argentina, Columbia, Navigation
December 2016 - Global News
The Element-Arval Global Alliance has added RDA Renting as a new member, growing the world-spanning fleet management partnership to 50 countries.
Tags: Argentina, Uruguay, Arval, Element Fleet Management
Orpak Systems, a solution and service provider for retail gas stations and commercial fleets, has acquired Brazilian fiscal fuel station management software provider Microsffer.
Tags: Fuel Management, Israel, Brazil
During the Sao Paulo and Bogota auto shows, Chery showcased its latest offerings to the Latin American markets.
Tags: Auto Shows, Brazil, Colombia, Chery
November 2016 - Global News
With the opening of the Sao Paulo Auto Show this week, forecasts for growth in the auto industry remain modest.
Tags: Toyota, Ford, Brazil, GM
The causes and the consequences lower commodity prices to the respective automotive and fleet markets of Venezuela and neighboring Ecuador and Colombia is the focus of the latest market overview by Automotive Fleet.
Tags: Colombia, Market Conditions, Venezuela, Ecuador
October 2016 - Global News
If UN vehicle safety regulations were applied by four key Latin American countries, 40,000 lives could be saved and 400,000 serious injuries prevented by 2030, according to a new report by Global NCAP and the Inter-American Development Bank,
Tags: Mexico, Brazil, Chile, United Nations, Argentia, Global NCAP
October 2016 - Industry News
In the latest of its ongoing reports on market conditions around the globe, Automotive Fleet has zeroed in on one of the tumultuous automotive market regions in the world — South America.
Tags: Argentina, Brazil, Chile, Market Conditions
The Enterprise Rent-A-Car brand will be offered to customers at main airports in the countries, and additional locations are planned.
Tags: Enterprise Rent-A-Car, Argentina, Curacao, Paraguay
October 2016 - Feature
In addition, there has been a 20% decline in fleet sales in neighboring Uruguay. The peso has depreciated and the government has decreased fleet purchases.
Tags: Argentina, Uruguay, Paraguay, State of Fleet Market Report
Peru is one of the fastest growing economies in Latin America, and the economy of Chile is ranked as a high-income economy by the World Bank.
Tags: Peru, Chile, State of Fleet Market Report
October 2016 - Cover Story
Automotive sales declined 28.6% year-over-year during 1Q 2016. In the fleet market, all major OEMs are using various financial incentives to defend their market shares. The 2016 forecast is that there will be 123,000 fleet sales.
Tags: Brazil, State of Fleet Market Report
Brazil is in a political and economic crisis that has caused the country’s auto market to
shrink 27% in 2015-CY, and is forecast to shrink another 13% in 2016. Fleet sales have
also decreased, but at a slower pace than retail sales.
European fleet management provider Fleet Logistics has gone live in Latin and Central America, managing Syngenta's fleet of around 1,600 vehicles in eight countries across the region.
Tags: Brazil, Fleet Logistics, Syngenta
September 2016 - Global News
Production at three Volkswagen Brazil manufacturing plants and the São Carlos engine plant has been halted due to long-lasting commercial litigation with supplier Prevent Group.
Tags: Volkswagen, Brazil, Suppliers, Litigation
Pointer Telocation Ltd., a developer, manufacturer and operator of mobile resource management (MRM), has announced that it has signed a binding agreement to acquire Cielo Telecom, a fleet management services company based in South Brazil.
Tags: Fleet Management Companies, Brazil, Mergers & Acquisitions, Pointer Telocation
August 2016 - Global News
In Brazil, Nissan Motor Co. revealed a solid oxide fuel cell powered prototype vehicle that runs on bio-ethanol electric power.
Tags: Brazil, Nissan, Ethanol
Expected to be in all Nissan dealerships in Brazil starting on August 5, the Nissan Kicks will deliver an agile but fuel-efficient driving experience, according to the automaker.
Tags: Nissan, Crossover, Brazil
July 2016 - Global News
Latin American telematics provider Ituran Road Track will use TomTom as the map and navigation software provider to power their OEM Telematics Solutions.
Tags: Telematics, TomTom, Brazil, Argentina
Ford has announced changes in its senior leadership in South America and Europe, including new appointments for vice president of Ford Motor Company and president of Ford South America.
Tags: Ford, Automotive Executives, Promotions
While it already has a presence in Brazil, Chile, and Peru, Argentina was a "missing link" in ALD Automotive's regional offering. To extend its presence in the region, ALD has partnered with Autocorp in Argentina.
Tags: ALD Automotive, Argentina, Autocorp
June 2016 - Global News
The facility, located in the city of Itatiaia, will build the Range Rover Evoque and Land Rover Discovery Sport for Brazilian customers.
Tags: Brazil, Jaguar Land Rover, Assembly Plants
The Mobile Resource Management (MRM) sector forecasts 50% growth over the next five years in Brazil, Russia, India, and China. In a press release, Azuga announced that it plans to make the necessary investments in its plug-and-play technology to lead the market on a global scale.
Tags: South America, Azuga, MRM
May 2016 - Global News
Bridgestone Americas has announced that it has reached an agreement to divest its business in Venezuela, Bridgestone Firestone Venezolana C.A. (BFVZ), to the Corimon Group.
Toyota do Brasil LTDA (TDB) has opened its new engine manufacturing facility in the city of Porto Feliz. Built on a plot of land that covers an area of 9.39 million sq. ft., the new facility represents an investment of $170 million and approximately 320 direct jobs in the region.
Tags: Toyota, Brazil, Engines
UPS Brazil said it has obtained an Authorized Economic Operator (AEO) certification from Brazil’s Tax Authority, Secretaria da Receita Federal.
Tags: UPS, Brazil, Logistics, Customs
Axalta Coating Systems, a global supplier of liquid and powder coatings, has introduced Centari line of refinish coatings for collision body shops in Colombia.
Tags: Axalta, Colombia, Latin America, Powder Coatings
April 2016 - Global News
Nissan Brazil recently celebrated the two-year anniversary of its Industrial Complex in Resende, Rio de Janeiro State, Brazil.
Tags: Nissan, Vehicle Production, Brazil, Anniversary
Cox Automotive has acquired a majority shareholding in Molicar, Brazil's vehicle valuations business.
Tags: Acquisition, Cox Automotive, vehicle valuation, Used Car Market
The automaker has begun producing Class-C cars at its new production plant in Iracemápolis, near São Paulo.
Tags: Mercedes-Benz, Brazil, Assembly Plants
March 2016 - Global News
FleetCor Technologies Inc has agreed to buy Brazil's largest electronic toll payments firm for 4.086 billion reais ($1.1 billion).
Tags: Electronic Tolls, Brazil, Fleetcor
Asahi Glass Company (AGC), a manufacturer of glass, chemicals and high-tech materials, announced that it will invest approximately 18 billion Japanese yen ($158 million) to build a second float glass production plant in the southeast region of Brazil.
Tags: Brazil, AGC Asahi Glass, Windshields
UPS has expanded its UPS Worldwide Express package service to 23 additional countries and territories, with the majority of the expansion taking place in Latin America, including Colombia and Ecuador.
Tags: UPS, Colombia, Ecuador
February 2016 - Global News
There has been a change in the vehicle funding and ownership pattern in Brazil, with vehicle buyers increasingly abandoning the expensive “ownership” vehicle funding model. Instead, they are gravitating toward the more cost-effective “operational leasing” model.
Tags: Leasing, Fleet Management, Brazil
Global technology provider Laird announced it is opening a new, state-of-the-art engineering, design, and manufacturing facility outside São Paulo, Brazil.
Tags: Brazil, Internet of Things, Laird
After a trial in 2015, Samsung is taking its "transparent" safety truck to the roads of Argentina for further testing and plans to roll it out across the globe later this year.
Tags: Argentina, Samsung, Safety
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