Visit the global automotive industry news blog with Brazil automotive industry news and Mexico automotive industry news.
Ricardo Castro-Garza
MEXICO: "Reigniting Mexico’s Automotive Industry" report. 20-page report by A.T. Kearney.
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Japanese auto manufacturers shifting focus to plants in Mexico
Japan’s top carmakers are transferring more of their manufacturing processes to Mexico. Car manufacturers are being pressured to transfer by the strong rise of the yen and very high production costs in the country, while Mexico’s vehicle exports have (...)
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Recovery Of Brazilian HCV Sector On Its Way
Brazil’s heavy commercial vehicle sector, including trucks and buses, faced a troubled 2012, contracting by a massive 19.3% to 167,400 vehicles, despite the total industry – including cars and light commercial vehicles – expanding by 4.6% to 3.8 mill (...)
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Made in Mexico: Who will build the next vehicle? Here's the competition
Hundreds of auto industry people from the South met in Chattanooga recently, and much of the talk wasn't about the region but instead Mexico.As Volkswagen's Chattanooga plant makes a business case to assemble new products -- such as a pot (...)
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Mexico auto output, exports drop in March
Mexico's auto production and shipments dropped in March compared with the same month a year earlier, the Mexican Auto Industry Association (AMIA) said on Monday.Automobile output fell 11.2 percent to 238,519 vehicles, while exports slid 9 (...)
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Argentina Car Market up 7% in February 2013, but recession is close!
In February the car market in Argentina recovered offsetting the January. Sales were up 7.3% with cumulate performance flat on last year. Volkswagen recovered the January loss, while Fiat confirmed a great momentum with share stable above 11%. (...)
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Brazil Car Market down 5% in February 2013
In February the car market in Brazil slipped 5.7% partially offsetting the cumulate gain from last year, now at 6.3%. Higher minimum wage and inflation should push market up. Hyundai recorded best ever volume and share driven by HB20 success. (...)
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Why Mexico's Become a Hotter Investment Than Brazil
Mexico, overshadowed by Brazil for years, has secured its place as the new favorite among investors looking to put cash into Latin America."A lot of funds are looking into Latin America as sort of a portfolio of opportunities. Brazil (...)
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Brazilian industrial production continues to struggle despite all the incentives
Brazil’s industrial output shrank more than expected in February, reversing most of the previous month’s gains and casting fresh doubt over the health of an anaemic recovery in the struggling sector.Industrial production fell a seasonally (...)
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Mexico: Mandatory Profit Sharing
The new Mexican Federal Labor Law ("FLL") came into effect on December 1, 2012. Although more than 300 articles were amended after considerable debate in the Mexican Federal Congress, the rest of the FLL remains in effect as in the past. Am (...)
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Mexico hourly wages now lower than China’s: study
Mexico’s hourly wages are about a fifth lower than China’s, a huge turnaround from just 10 years ago when they were nearly three times higher, according to new research by Bank of America Merrill Lynch.Stagnant salaries in Mexico, fueled (...)
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How China’s rise forced Latin America to wake up and innovate
I am frequently asked about the impact of China in Latin America. What is Latin America’s position on China becoming manufacturer to the world? What does the region’s future hold without the US as a sole economic superpower?At the outset, (...)
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China increasingly reliant upon South America for natural resources
Organizations and countries often rely on other nations for resources or manufacturing, as raw material costs and manufacturing labor are often less expensive in less developed nations. This makes purchasing goods from outside the country and outsour (...)
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How Mexico Is Becoming More Attractive To U.S. Manufacturers
Mexico's economy boomed when the country signed the North American Free Trade Agreement (NAFTA) nearly two decades ago. The manufacturing sector especially thrived as U.S. firms shifted their operations to Mexico to take advantage of the cheap labor (...)
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Recent Jurisprudence – The Authority of the President to Repeal Customs Duties
By reaffirmation of legal opinion number 3/2013 (9a.), Mexico's Supreme Court of Justice of the Nation (SCJN) recently issued the legal opinion titled "Foreign Trade. The extraordinary authority to legislate granted to the President (...)
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Brazil claims trade situation with Argentina is “less than satisfactory”
Brazil admitted that the trade situation with Argentina is “less than satisfactory”, given the ongoing barriers and restrictions imposed by Buenos Aires and revealed that the bilateral trade balance is now inclined in favour of its southern neighbour (...)
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Brazil: New rules regulate the 4 percent unified ICMS rate on interstate transactions involving imported goods
Starting 1 January this year, imported goods have been subjected to a 4 percent state sales tax (Imposto sobre Circulação de Mercadorias e Serviços or "ICMS") rate on interstate transactions after their importation, regardless of their dest (...)
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Mercusor: A Trade Pact Left Out In The Cold
As the United States and the European Union get ready to launch an ambitious trade deal, Mercosur should reconsider its goals and strategies.With the United States and the European Union ready to launch an ambitious bilateral trade deal, (...)
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Twenty Years Later: Accounting for NAFTA’s Wins and Losses
The North America Free Trade Agreement (NAFTA) between Mexico, the United States and Canada, just entered its 20th year. In that time investments in information and computing technology (ICT) have certainly increased in Mexico – as they have everywhe (...)
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Bringing Corporate Housing Solutions to Brazil
Helping assignees navigate the challenges of a rapidly changing country.The corporate housing profession has continued to evolve from a small cottage industry to one that continues to play a key—and sometimes low-key—role in the relocatio (...)
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Latin America: New vehicles for infrastructure investment
Seeking to close an infrastructure investment gap, several countries offer high-yield bonds and government backing to private investors.Even after several years of record economic growth, underdeveloped infrastructure remains a challenge (...)
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For Future Economic Growth and Value Creation, Brazil Will Require Improved Productivity
Brazil’s productivity growth has stagnated, and if productivity does not improve, it will weigh on the country’s economy, according to a new report by The Boston Consulting Group (BCG). The report, Brazil: Confronting the Productivity Challenge, is b (...)
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Worst over for Brazilian economy yet measures needed: report
The Brazilian economy has managed to tide over the worst time but still needs adjustment measures, an institute reported on Tuesday.Brazil’s Institute for Applied Economic Research (IPEA) said the country’s 0.6 percent growth rate in the (...)
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Argentina: U.S., Canadian, and Australian Tourist and Business Travelers to Argentina Required to Pay Reciprocity Fees Prior to Travelling
U.S, Canadian, and Australian tourist and business travelers are required, since the beginning of the year (January 7), to pay a reciprocity fee prior to arriving in Argentina. Travelers from these three countries will need to go online (https://virt (...)
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Brazil: Work Eligibility for Dependents of Foreign Workers Under Local Contract in Brazil
Normative Resolution No. 99, effective December 21, 2012, permits adult dependents of foreign workers under local contract in Brazil who are offered localized employment in Brazil to file a work permit application before the Brazilian Ministry of Lab (...)
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Best Practices for Shipping Southbound into Mexico
As on-shoring continues and increasing numbers of U.S. businesses shift or expand Mexico-based production, it’s important to consider the balance in your supply chain. How you ship parts and materials to plants south of the border can greatly impact (...)
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Cargo Thefts Decrease In U.S., Mexico Announces Plan To Combat Highway Crime
Logistics security services provider FreightWatch International has issued two new reports, one showing cargo theft fell in the United State from December 2012 through last February and another about a plan in Mexico to combat crime along its highway (...)
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Brazil: Real estate prices’ increase in Rio and Sao Paulo among the highest in the world
The latest Knight Frank’s Global Real Estate Index released this month has Brazil ranking No. 3 in the world and No. 1 in the Americas for rising home prices. Only ridiculously expensive Hong Kong and Dubai, which are not countries, have seen prices (...)
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Brazil's Manufacturing Sector Expands Least In Three Months
Brazil's manufacturing sector expanded at the slowest pace in three months in March as growth in new business and output eased from the previous month, data released by Markit Economics and HSBC Bank showed Monday.The seasonally adjusted (...)
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Costa Rica Ranked Number One Latin America Services Outsourcing Destination
International investment advisory and globalization report highlights Costa Rica.The international investment advisory and globalization firm Tholons, in its recently released report 2013 Top 100 Outsourcing Destinations, ranked Costa Ric (...)
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Latin America Update: global headlines
Below are the latest headlines from around the world featuring articles on Latin America.Mexico Peso Rises to Strongest Since 2011 as RBC Boosts ForecastSource: (...)
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The Importance of Accent Reduction for Increased ROI
For global companies, communication is a critical competency that impacts talent acquisition, engagement, retention, and innovation. These, in turn, are factors that provide companies competitive advantages and determine market leadership. (...)
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On-Demand Seminar: "Manufacturing in Latin America – The Next Global Wave" with Michael L. Hetzel
From early industrialization to modern times, manufacturing in Latin America has enjoyed a long history but only limited success. Shifts in modern manufacturing materials, production methods, market distribution and logistics are changing the future. (...)
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