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Tag Archives: brazil
BMW to Build a Car Plant in Brazil Prompted by Tough Legislation
The BMW Group plans to build a new auto plant in Brazil, based on the government’s new industrial policy under the so-called “Inovar Auto” legislation just adapted. The hard-nosed legislation strictly limits the amount of money that can be counted toward local content, imposes tariffs and requires specific R&D and production investments as a percentage of sales that increase from now until 2017. It is the latest example of protecting a local auto industry against pillaging by global companies in the view of supporters. Critics counter that consumers will pay higher prices. Continue reading
Global Share of Emerging Auto Markets Exceeds Matures
The marketshare of global light-vehicle sales coming from so-called “emerging” markets has surpassed share from economically mature regions, led largely by growth in China, according to J.D. Power and Associates. “Mature markets like the United States, Western Europe and Japan … Continue reading
Brazil – A Ford Motor South American Nightmare
In money-losing South America there is a governmental history of graft and corruption, economic catastrophes and failed financial and fiscal policies – among other factors at play. The brew distilling there appears to be 151-proof toxic. The outcome is a potential drunk-driving multi-car collision that will leave smoldering businesses and tragically ruined lives and careers. This is all playing out against a backdrop of a new potent Corona virus variant in Brazil and an ongoing public health disaster. Deaths have surpassed 250,000 there. It is the world’s second-highest mortality tally after the U.S. Continue reading →