Ford announced this month the production of the LCV Transit in Uruguay; it will be sold in South America countries, mainly Brazil. The LCV will be built in partnership with Nordex, which belongs to the Antelo group. Both companies have invested around US$ 50 million and the project will create 200 jobs. Nordex has extensive experience in the Uruguay market producing heavy trucks and passenger cars.
One of the advantages of assembling in Uruguay is that the import duties are much lower in Uruguay than in Brazil.
Source: Estadão Read The Article
PSR Analysis: It is good news that Ford is coming back to the South America commercial vehicle market after closing their truck plant in Brazil and keeping only the midsize pickup plant in Argentina. Transit has an excellent reputation here. PSR
Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research
