China’s JAC to Build New Car Factory in Brazil

Chinese automaker JAC Motors announced on Friday a new deal with its Brazilian operator SHC Group to build a new factory in Brazil's northeastern Bahia state, the company's first outside its home market.

JAC originally intended to invest US$600 million in building a plant in Brazil, but cancelled the project when the government increased taxes on cars with less than two-thirds domestic content, in its effort to protect local jobs.

Read more »

Renault to Increase Output of its Brazilian Factories by 100,000 Units in 2013

Brazil is currently Renault’s third biggest market, behind only France and Germany. This year, the French company sold 133,158 Renault passenger cars and 30,672 Renault and Nissan LCVs and, according to the company’s CEO, Carlos Ghosn, along with Russia and India, it's “one of its three top priority markets”.

Ghosn visited Renault’s Curitiba plant and announced the group’s plan to invest €200 million (US$267 million) and add 1,000 jobs in order to increase its production by 100,000 units until 2013.

Read more »