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Toyota bets big on hybrids in Brazil with $2.2 billion plan

Baua Electric

billion) in beefing up production of hybrid vehicles in Brazil through 2030. Toyota plans to make two “flex hybrid” models in Brazil — using either petrol or ethanol as well as batteries — creating around 2,000 jobs, a statement said. billion plan appeared first on Bauaelectric Auto News.

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ArcelorMittal Vega in Brazil strengthens automotive steel portfolio

Green Car Congress

ArcelorMittal Vega in Brazil has completed a US$10-million investment to install a new post-treatment technology on its galvanizing line #1. 6,296,805) broadly covers aluminum pre-coated hot-rolled or cold-rolled steel for hot stamping, a product sold worldwide as Usibor.

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GM Brazil to Invest R$2B in Expansion and New Line of Chevrolet Small Cars

Green Car Congress

General Motors Brazil will invest R$2 billion (US$1.033 billion) to launch a new Chevrolet line of vehicles and to expand its plant in Gravataí, Rio Grande do Sul. The investment is the largest made by the company in its 84 years in Brazil. The remaining $600 million will flow to GM’s other operations in Brazil.

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GM Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

General Motors provided an image of the new Chevrolet Agile, a small car designed in Brazil and due to launch in that market in October. The Agile is the first model of the Viva family; Project Viva represents a US$400 million investment by GM un Brazil and Argentina. GM began doing business in Brazil in 1925.

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Chevrolet delivers record global sales in 1H 2013 of 2.5M units; small cars up 25% in US

Green Car Congress

over the same period in 2012, and achieved its 11 th straight quarter of increased sales on the strength of new products in all markets. Overall, General Motors Co. Brazil: 305,000 units, up 5.1%. Chevrolet sold a record 2.5 million vehicles around the world in the first six months of 2013, up 1.4% million units, up 5.6%.

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GM Creates New South America Regional Organization

Green Car Congress

General Motors is creating a new regional organization to meet rising customer demand in South America. GM South America will be headquartered in Sao Paulo, Brazil and will be led by Jaime Ardila, currently president and general manager GM Mercosur. GM South America currently has 29,000 employees.

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GM and SAIC Motor to partner on all-new vehicle family for global growth markets; $5B investment from Chevrolet

Green Car Congress

General Motors and SAIC Motor are enhancing their partnership through an agreement jointly to develop the core architecture and engine of a new vehicle family targeting global growth markets. —General Motors President Dan Ammann.

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