VW Finalizes Investment in Argo

$2.6 billion investment creates global scale for partners’ autonomous vehicle operations


COVID-19 Anxiety Easing, But Financial Concerns Linger

Americans delaying big purchases, plan to keep vehicles longer


Volvo Is Serious About Safety: $1-Million Serious

If a safety occurs in that football game everyone is talking about, then someone is going to be very happy


Uber Buys Latin American Delivery Service

Uber Technologies Inc. is acquiring majority ownership in Cornershop, a startup grocery delivery service based in Santiago, Chile.


GM’s Strike-Related Layoffs in Mexico Top 6,400

General Motors Co. has laid off more than 400 workers at an engine and transmission plant in Mexico because of the strike against its U.S. facilities by the United Auto Workers union.


Former BorgWarner Exec Joins ZF Board

ZF Friedrichshafen AG has appointed Martin Fischer to its management board to oversee safety systems, electronics and advanced driver assist systems in the Americas.


Brazilian Lithium Supplier in Talks with EV Makers

Brazilian startup company Sigma Lithium Resources Group  says it is in talks with BMW, Tesla and Volkswagen about supplying lithium for electric vehicle batteries.


Honda Relocates HR-V Output in Mexico

Honda Motor Co. says it will move Mexican production of its HR-V small crossover next spring from El Salto, Jalisco, to Celaya, Guanajuato.

Mazda to Build CX-30 Crossover in Mexico

Mazda Motor Corp. plans to build the upcoming CX-30 compact crossover at its factory in Salamanca, Mexico.


Brazil’s CAOA May Buy Ford Factory

CAOA—the Brazilian carmaker, Ford dealer and importer of Hyundai and Subaru vehicles—has reached a tentative deal to buy Ford Motor Co.’s assembly plant in Sao Bernardo do Campo, Reuters reports.

VW Confirms Brazilian-Developed Small Crossover

Volkswagen AG says it will launch a compact crossover vehicle in South America next year.


VW to Invest $577 Million in Brazilian Factory

Volkswagen AG plans to spend 2.4 billion reais ($576 million) to upgrade its Sao Bernardo do Campo plant in Brazil, according to Sao Paulo’s governor.


Honda to End Carmaking in Argentina Next Year

Honda Motor Co. says it will stop making cars in Argentina next year and convert its factory there to a motorcycle plant.


BP Forms Ethanol JV in Brazil

Oil and gas giant BP plc and New York-based agricultural commodities business Bunge Ltd. are combing their ethanol and sugar operations in Brazil.


EU Cinches “Historic” Trade Pact with South America

The European Union and Mercosur, South America’s trade powerful economic bloc, have completed a broad bilateral trade agreement to lower or remove tariffs in both directions.


BMW Opens Mexico Assembly Plant as Tariffs Loom

BMW AG formally opened a factory in Mexico to make its best-selling 3 Series sedans for North American market and more than 40 other markets worldwide.


Report: U.S. May Delay Tariffs on Mexican Goods

The White House could delay President Donald Trump’s threat to impose tariffs on Mexican goods beginning Monday, sources tell Bloomberg News.


DiDi Chuxing Launches Ride-Hailing Service in Latin America

China’s DiDi Chuxing Technology Co. has begun offering its ride-hailing service in Chile and Colombia as it pushes into Latin America.


Republican Party Backlash Grows Over Trump’s Mexico Tariff

Several Republican senators warned the White House yesterday that President Donald Trump can expect diminished support at best for his plan to launch a 5% import tax on Monday for goods from Mexico.


Trump Charges Ahead with Timetable for Mexico Tariff

President Donald Trump reiterates his determination to levy a 5% import tariff on all goods from Mexico beginning June 10, regardless of negotiations to avoid the levy.


Mexico Vows to Avoid U.S. Trade War Over Migrants

Mexico's president says his country is willing to avoid a trade war by tightening controls over migrants seeking asylum in the U.S.


BMW’s New Factory in Mexico Faces Trump Tariff Hit

BMW AG is formally launching its $1 billion factory in San Luis Potosi, Mexico, next week, just ahead of a threatened 5% U.S. tariff on the cars it makes.


FCA Targets Growth in Brazil

Fiat Chrysler Automobiles NV is expanding production capacity in Brazil and plans to launch 25 new, freshened or specialty models in the country through 2024.


Scania to Spend $344 Million on Truck Plant in Brazil

Volkswagen Group’s Scania commercial truck unit says it will spend 1.4 billion reais ($346 million) to update its commercial truck plant outside Sao Paulo, Brazil.

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