BYD Brazil receives 100,000 unit export order from Mexico and Argentina On March 18, it was reported that BYD’s new plant in Bahia, Brazil, received export orders totaling 100,000 vehicles for Mexico and Argentina. The reported 50,000-unit allocation to Mexico could significantly influence the local EV market, where electrified vehicle sales reached around 100,000 units in 2025 (according to EMA: Electromovilidad Asociación). The development c...

News  Updated at: 2026/03/23

re. The company aims to further strengthen profitability through increased sales and cost reductions. In piston rings, TPR operates as one of the four major global groups alongside NPR-Riken Corporation (NPR-Riken), MAHLE GmbH (MAHLE), and Tenneco Inc. (Tenneco). While TPR independently operates in Brazil and Southeast Asia, it has established joint ventures with Tenneco in Germany, the United States, India, and Turkey. Similarly, in valve seats ...

News  Updated at: 2026/03/18

roducts are arriving, including Jeep Cherokee and Charger Sixpack. Profit growth will be driven by higher truck production and strong HEMI V8 demand. Cost structures in both regions are being addressed, with more details at Investor Day on May 21. Q2. On operating leverage in North America and the Brazilian currency impact on industrial performance in South America: what is driving margins? A. [Antonio Filosa] North America profitability improve...

News  Updated at: 2026/03/03

d operating profit margin was 3.7%. Thanks to the steady performance of global sales, among other factors, the motorcycle business achieved record high sales volume, operating profit, and operating margin. The automobile business, on the other hand, saw its profit decrease due to the impact of U.S. tariffs as well as one-time expenses related to electric vehicles (EVs). Motorcycle business’ group unit sales amounted to 16.44 million units, than...

News  Updated at: 2026/02/12

GlobalData blog: Navigating 50% tariffs: strategic options for Chinese automakers in Mexico Starting in January 2026, Mexico officially raised tariffs on Light Vehicles (LVs) from 20% to 50%, applying only to countries that do not have a Free Trade Agreement (FTA) in place. While the change in rate affects many markets, we expect the most significant impact to be felt in China and India. These measures have been under discussion for months and we...

News  Updated at: 2026/01/30

Abeifa analyses Mercosur-European Union trade agreement On January 20, Abeifa, Brasileira das Empresas Importadoras de Veículos Automotores (Brazilian Association of Automobile Importers and Manufacturers), presented an analysis of the recently signed Mercosur-European Union trade agreement during its annual meeting with the specialized press, highlighting its implications for the automotive industry. According to the study, vehicle import tarif...

News  Updated at: 2026/01/28

VDA welcomes EU-Mercosur trade agreement, to benefit German and EU automotive industry On January 9, the German Association of the Automotive Industry (VDA) issued a statement welcoming the EU-Mercosur trade agreement, saying that it will mutually promote growth, prosperity, and employment. The agreement opens up significant opportunities for the automotive industry. The Mercosur tariffs, which are currently 14% to 18% on auto parts and up to 35%...

News  Updated at: 2026/01/13

BYD resumes operations in Brazil after December shutdown On January 8, BYD Brazil announced the resumption of operations at its Camaçari plant after a shutdown that began on December 20. Since its inauguration on October 9, the factory has produced approximately 18,000 vehicles, including models such as the Dolphin Mini, King, and Song Pro, marking a strong initial ramp-up in local manufacturing. BYD stated that production in 2025 at the plant p...

News  Updated at: 2026/01/13

European Council gives greenlight for EU-Mercosur Partnership Agreement (EMPA) On January 9, the European Council adopted two decisions authorising the signature of the EU-Mercosur Partnership Agreement (EMPA) and of the Interim Trade Agreement (iTA) between the EU and Mercosur. The deal with the Mercosur partners (Argentina, Brazil, Paraguay and Uruguay) will create the world's biggest free trade zone, covering a market of over 700 million consu...

News  Updated at: 2026/01/12

GWM Mexico to import vehicles from Brazil to avoid 50% tariffs On November 24, it was reported that Great Wall Motor will supply vehicles and components to Mexico from its new manufacturing plant in Iracemápolis, Brazil, to avoid the potential 50% tariffs Mexico may impose on imports from countries without trade agreements. The decision comes as GWM marks its second anniversary in the Mexican market, where it has established 50 dealerships cover...

News  Updated at: 2025/12/02

Mexico’s protectionist stance risks trade tensions with China On November 19, it was reported that Mexico’s increasingly protectionist stance toward China could trigger trade tensions between both countries, as experts warned amid preparations for the upcoming review of the USMCA in 2026. Moody’s Ratings noted that while nations like Brazil are strengthening economic and political ties with China, Mexico is moving in the opposite direction ...

News  Updated at: 2025/11/25

026. North America and Japan accounted for approximately 70% of total sales in fiscal year 2024, solidifying their position as the Company’s main core markets. We are seeing rapid changes in social conditions such as the trade conflicts between the U.S.A. and China, and changes in the U.S.A.’s tariff policies. As a result, major OEMs are also changing their production operations/locations and strategies. Q2. What do you envision in regard to...

News  Updated at: 2025/11/17

BYD reaffirms plan to establish plant in Mexico On November 13, it was reported that BYD reaffirmed its plan to establish a manufacturing plant in Mexico, with an official announcement expected before January 2026. Julián Villarroel, BYD Mexico’s Vice President, confirmed during Expo Transporte 2025 that the project remains active, and that Mexico and Brazil are the company’s main markets in Latin America. The executive emphasized that BYD i...

News  Updated at: 2025/11/15

amework, Argentina will accept vehicles manufactured in the United States that comply with U.S. federal safety and emissions standards, allowing faster homologation and importation. The agreement may also establish a preferential quota for importing U.S.-made cars, which currently face a 35% import tariff, facing a disadvantage compared to vehicles from Mexico or Brazil. The deal, signed by Presidents Javier Milei and Donald Trump, reinforces the...

News  Updated at: 2025/11/15

Colombia to maintain tariff exemptions for Brazilian vehicle imports On November 12, it was reported that the governments of Brazil and Colombia reached an agreement to maintain tariff exemptions for Brazilian vehicles exported to Colombia. The announcement, made by Brazil’s Ministry of Development, Industry, Commerce, and Services (MDIC), reverses Colombia’s earlier unilateral decision in September not to renew the automotive trade accord. T...

News  Updated at: 2025/11/14

Trump issues 25% tariff on trucks and parts, extends 3.75% parts offset on automobiles In a proclamation on October 17, President Trump announced he was formally imposing a 25% tariff on medium- and heavy-duty trucks (Class 3–8 vehicles) and truck parts, including engines, transmissions, tires, and chassis, as well as a 10% tariff on imported buses (school, transit, and motor coaches), while extending a key tariff reprieve for U.S. auto manufac...

News  Updated at: 2025/10/21

GWM Iracemápolis plant in Brazil to be inaugurated on August 15 On August 5, it was reported that Brazilian President Luiz Inácio Lula da Silva will attend the inauguration of GWM’s new factory in Iracemápolis, São Paulo, on August 15. The event will showcase pre-series units of the Haval H6 SUV, which will be locally assembled in four gasoline-hybrid versions, including a plug-in option. Diesel models like the Haval H9 and Poer pickup will...

News  Updated at: 2025/08/06

New tariff hike announced by President Trump likely to significantly impact Brazilian truck parts exports On July 31, it was reported that the new tariff hike announced by U.S. President Donald Trump will significantly impact Brazilian exports of trucks over 5 tons and their related auto parts, raising the import tax from 10% to 50%. The Brazilian auto parts association Sindipeças said that there has been a reversal of priorities and is still an...

News  Updated at: 2025/08/05

Brazilian government rejects BYD’s request on lowering import tariffs on CKD for EVs On July 30, it was reported that Brazil’s federal government rejected BYD’s request to reduce import tariffs on CKD for electric vehicles (EVs) and the government decided to advance the implementation of a 35% import duty on electrified vehicles by 18 months. The new tariff will take effect in January 2027 instead of July 2028. However, as a temporary measu...

News  Updated at: 2025/08/05

Trump increases Brazil tariff by 40% based on its rules and internal actions On July 30, U.S. President Trump issued a Presidential Action document on Whitehouse.gov offering his reasons for adding 40% onto the current 10% tariff rate for Brazilian products, for a total of 50%, on goods entering the U.S. The 40% tariff increase was to address “a U.S. national emergency” regarding a variety of items including Brazilian political and judicial m...

News  Updated at: 2025/08/01