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

Green Car Congress

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.

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Tesla jobs posted in South America

Teslarati

Tesla recently posted jobs located in South America. The Tesla jobs are located in Chile, hinting at a company base in South America. The company seeks a Country General Manager to help launch its vehicles—and probably its other products—in the local car market.

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Volkswagen brand invests one billion euros for growth in South America

Electric Cars Report

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 percent in Brazil, the region’s largest market. For example, 15 new electric and flex-fuel vehicle models are being launched by 2025 alone.

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The launch of Power2Drive South America Exhibition and Conference 2024 – Charged EVs

Baua Electric

For this reason, the topic of e-mobility has received increasing attention from exhibitors and visitors of The smarter E South America and has been promoted at the Special Exhibition Power2Drive as part of the ees South America exhibition and the accompanying program since 2019.

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BASF to concentrate plant biotechnology activities on main markets in North and South America

Green Car Congress

Citing a lack of acceptance for plant technology in many parts of Europe, BASF announced that it is concentrating its plant biotechnology activities on the main markets in North and South America. Development and commercialization of all products targeted solely at cultivation in the European market will be halted.

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

Green Car Congress

This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. Despite OPEC+ announcing it would cut crude oil production by 1.2 Despite OPEC+ announcing it would cut crude oil production by 1.2 per gallon this summer, peaking between $3.60/gal gal and $3.70/gal gal in June.

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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.