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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.
Read More →Orpak Systems, a solution and service provider for retail gas stations and commercial fleets, has acquired Brazilian fiscal fuel station management software provider Microsffer.
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During the Sao Paulo and Bogota auto shows, Chery showcased its latest offerings to the Latin American markets.
Read More →With the opening of the Sao Paulo Auto Show this week, forecasts for growth in the auto industry remain modest.
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Mercedes-Benz has debuted its Concept X-Class mid-size pickup that will be launched in late 2017 in markets, including Argentina, Brazil, South Africa, Australia with New Zealand, and Europe.
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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.
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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.
Read More →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.
Read More →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.
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In Brazil, Nissan Motor Co. revealed a solid oxide fuel cell powered prototype vehicle that runs on bio-ethanol electric power.
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