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TRUCKS MARKETS * WORLDWIDE
* Mexico - Not Seeking To Renegotiate Auto Pact With Brazil
Mexico,DF,MEX -The Wall Street Journal (USA) -8 Feb 2012: -- Mexican government and auto industry officials said they aren’t seeking to renegotiate an auto and auto-parts trade pact with Brazil, although the country has sent a delegation to the South American country to discuss Brazil’s dissatisfaction with the agreement... The trade deal known as ACE 55 has been in effect since 2003, the statement said, and during that time trade between Mexico and Brazil in the auto sector has grown to more than $2.5 billion last year from about $1.1 billion in 2003... While Brazil wants out of the current agreement because of a growing deficit in the auto trade with Mexico in recent years, Brazil had been running notable trade surpluses under ACE 55 in the first six years of the agreement, said the joint statement from the Mexican ministries of Economy, Foreign Relations, and three groups representing the light vehicle, heavy vehicle, and auto parts industries...
* Brazil - Automakers send abroad billed $ 5.58 billion in 2011
(Photo: Cledorvino Belini, president of Anfavea, bringing together car manufacturers with factories in Brazil and it is generally understood as "national" - including Fiat, Volkswagen, General Motors and Ford production increased slightly, but the grew arrays helps a lot)
Sao Paulo, SP, Brazil -UOL Cars, by Peter Kutney -27 January 2012: -- Judging by the benefits they receive, the headquarters of several automakers have not had to complain of its subsidiary in Brazil in 2011. According to the Central Bank of Brazil: the auto industry was the sector that has sent more money abroad last year, ahead of banks and telecommunications companies ... This is not a frivolous number: vehicle manufacturers were enrolled profits and dividends remitted a total of U$S 5.58 billion, the highest of all time, equivalent to 19% of all transactions recorded in Brazil in a year, and 36% higher than U$S 4.1 billion sent in 2010 ... It is no coincidence that remittances and profits from the auto plants in the country increased, just as the parent suffer most in the mature markets of Europe and North America, so they need to keep your bottom line with money subsidiaries in emerging ... The Central Bank Brazil does not publish the list of companies or individual senders of money or value, much less the companies report about the same, they say, that only reported balances abroad, wherein not specified the benefits received from each subsidiary ... Nothing against the usefulness of these figures, which do not hide anything illegal. Nothing is yet less cumbersome, as the automakers, to a greater or lesser extent, are aligned to address the lack of competitiveness in Brazil, and therefore they say, need to be compensated with generous tax incentives and financing public investment ... Dividends remitted show business in Brazil can be complicated, but can also be highly profitable ... Note also that the production of vehicles aumnto very little in 2011, only 0.7% in 2010 - is decided, there is almost the same, and yet it was possible to send more benefits U $ S 1.5 billion more than the previous year ...* China - Auto sales fall 26 pct in January
Beijing,China -Xinhua -Feb. 9, 2012: -- China's automobile sales plunged 26.4 percent year-on-year to 1.39 million units in January this year due to lack of demand during the Chinese Lunar New Year holiday, the China Association of Automobile Manufacturers (CAAM) said Thursday... Automobile output slumped 27.47 percent from a year earlier to 1.3 million units in the month, the CAAM said... Chinese worked only 17 days in January as the week-long Spring Festival fell in the month... On a monthly basis, January auto sales declined 17.75 percent while output fell 23.2 percent... Commercial vehicle sales plunged 37.16 percent year-on-year to 229,200 units, and output sank 38.44 percent to 245,900 units, according to the CAAM... U.S. automakers outpaced other passenger car manufacturers to reach Chinese consumers in the month with sales totaling 98,000 units, but the Japanese and German brands still led the Chinese market with sales amounting 200,000 units and 193,400 units, respectively... Earlier last month, Dong Yang, secretary-general of the CAAM, predicted that China's auto sales and output to exceed 20 million units, respectively, with a year-on-year increase between 8 and 10 percent... China is now the world's largest auto market, with its automobile sales last year reaching 18.50 million units and output topping 18.42 million units...
Labels: trucks markets worldwide
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