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Volkswagen brand to invest €1B by 2026 in South America; targeting 40% growth in Brazil

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The Volkswagen brand aims to make significant gains in South America with a major product offensive. By 2027, the company plans to grow by 40% in Brazil, the region’s largest market. 4 are coming to Brazil As a fast-growing car market, South America is of strategic importance to Volkswagen. and the ID.

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Ford increasing production of popular electric, gasoline and hybrid vehicles

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Ford F-Series is America’s best-selling truck for 46 consecutive years DEARBORN, Mich., March 3, 2023 – Through February, Ford was America’s No. In February, Ford’s US market share increased by 1.4 Production is targeted to increase by more than 80,000 units this year, helping to meet demand in both North and South America.

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EIA forecasts 2023 global production of liquid fuels to exceed 101 MMb/d for first time

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million barrels per day through the end of this year, EIA expects 2023 global production of liquid fuels—which includes gasoline, diesel, and jet fuel—to exceed 101 million barrels per day (MMB/d) for the first time. —EIA Administrator Joe DeCarolis EIA expects US gasoline prices to average around $3.50 gal and $3.70/gal

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SAIC-GM-Wuling to Export Mini-Commercial Vehicles to South America, Middle East and North Africa

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GM’s SAIC-GM-Wuling joint venture signed a framework agreement with GM’s former Latin America, Africa and Middle East operations and distribution agreements with individual countries to export and distribute two of its most popular mini-commercial vehicles from China to markets in South America, the Middle East and North Africa.

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GM begins market positioning for Cruze Diesel in 2013; small displacement diesels to “fill an important niche”

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turbodiesel engine on Cruze—one of the top-selling gasoline-powered cars in the US in 2011 and General Motors’ best-selling model globally—will establish Chevrolet as the only domestic automaker offering an American-manufactured diesel-powered compact car with a European-American developed engine. Earlier post. ).

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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Associated sanctions on Russia—with more than 5 million b/d in crude oil processing capacity—disrupted exports of Russia’s refined products into the global market, and will likely continue to do so as import bans in the European Union and United Kingdom come into full force. million b/d in 2022 and by an additional 1.6

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. North America. million units.

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