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GM Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

The Agile is the first model of the Viva family; Project Viva represents a US$400 million investment by GM un Brazil and Argentina. The Agile is targeted for emerging markets such as Brazil, Argentina, Paraguay and Uruguay (Mercosur). GM began doing business in Brazil in 1925. In 2008, it posted record annual sales (548,941 vehicles).

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

Green Car Congress

over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. As a result, IHS Automotive is expecting 2015 sales in Argentina of roughly 500,000 units. million units.

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Scotia Economics report sees double-digit increase in global vehicle production in first half of 2011; China to surpass European vehicle output this year

Green Car Congress

In the report, Gomes noted that the auto industry will also add to economic growth in Latin America. Sales continue to advance in Brazil, Argentina, Chile and Peru, leading automakers to plan for an additional 13% increase in vehicle production over the coming year.

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