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Mercedes-Benz do Brasil will focus its investments in modernizing its products, digital services, and into production plants in São Bernardo do Campo and Juiz de Fora.
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Toyota is investing $316 million toward a Yaris Production line in Brazil in an effort to take advantage of the emerging compact-car market in the country.
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Nissan has assembled its 150,000 vehicle at its plant in Brazil, accomplishing the milestone a little over three years after the plant was established.
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As part of the agreement, which was originally announced on Dec. 5, 2016, Hertz Global Holdings Inc. has now completed the sale of its Brazil car rental and leasing operations to Localiza.
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Manheim has acquired Pacto São Paulo and is developing commercial partnerships with six other auction companies to invest in in Brazil.
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Auto manufactures in Brazil sold a total of 195,000 vehicles in June, a 0.3% decline compared to the previous month’s sales, but a 13.5% increase compared to the previous year.
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Vulog, a carsharing technology provider, has partnered with LDS Group to launch Urbano Carsharing, a one-way carsharing service in Sao Paulo, Brazil.
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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.
Read More →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%.
Read More →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.
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