Global

  • Ford Announces Shutdown of Plants in Brazil

    Fabio Ferraresi
    Fabio Ferraresi

    Ford announced on Jan. 11 plans to shut down all car manufacturing operations in Brazil. Ford produced cars in Camaçari-BA, Taubaté-SP, and off-road vehicles (Troller) in Horizonte-CE.

    The company will keep selling vehicles, especially the Ford Ranger, produced in Argentina and other products from other locations, such as the Transit, Bronco and Escape. Because of this action, Ford Expects an impact of US$ 4.1 billion in non-recurring expenses and a US$ 2.5 billion cash impact.

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  • GM Resumes $2 Billion Investment Program in Brazil

    After freezing all investment last year due to the Covid-19 pandemic, GM is now resuming its investment program of 10 billion of Brazilian Reais, equivalent to US$ 2 billion. The program funds new vehicles, infotainment systems, as well as modernization of the plants in Sao Paulo state.

    Read The Article

    PSR Analysis: GM has kept and amplified their market leadership position in Brazil. In 2020, they moved into second place. Their continuous investment on new products and productivity has been recognized…

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  • Prototypes of 100% Brazilian e-Truck Tested at Agrale

    Agrale plans to soon start production of electric trucks with the FNM brand, a Brazilian OEM that operated from 1939 to 1979. These trucks will target urban distribution and will be produced at Unit 2 of Agrale, in Caxias do Sul-RS. The Trucks use the base of trucks Agrale completed with an electric propulsion system.

    Source: Agrale     Read The Article     Read The Article

    PSR Analysis: It is hard to say how many Electric Trucks will be sold under the FNM Brand…

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  • DATAPOINT: NA Dumpers/Tenders, 2020 Production, 1,559 Units

    The 1,559 units is the estimate by Power Systems Research of the number of Dumpers/Tenders to be produced in the U.S. in 2020.

    This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

    Market Share: With 62.5% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America.  In second position…

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  • Trucking News: Asking The Expert

    Chris Fisher
    Chris Fisher

    What is the current state of electric vehicle technology globally as well as the U.S.?

    From a medium and heavy truck perspective, electric trucks are still in the early stages of testing and it will still be a few years before we know if the current technology will be effective.  Transit or city buses are much further along in the process since these are largely not for profit vehicles and have more dedicated routes that allow for more consistent recharge. 

    China is probably the furthest along with electric bus adoption with almost half of all medium and heavy buses produced being electric.  While electrified bus adoption in North America and Europe is not nearly as strong as China, demand is increasing. 

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  • NA Economic Outlook: Slower H1 2021, But Much Stronger H2 2021 Expected

    Yosyf Sheremeta
    Yosyf Sheremeta

    SUMMARY.  In our previous forecasts, we have discussed some hope for a V-shaped recovery, it did not materialize.  Our conclusion was based on several factors, such as the current economic cycle, overall strength of the economy, fiscal policy, political landscape in the US and globally, etc. After managing through the early stages of the pandemic in H1 2020, we saw good trends in H2 2020 and we had reasons to be optimistic for a quick recovery.

    However, the recovery took a slight pause during the last few months.  Unemployment continued to increase, and regional lockdowns prevented the necessary demand for a significant year-end growth.  Now that the elections are over, we’ll have yet to see what the new administration will be able to achieve during the next two years.  Specifically, if the long awaited infrastructure reform can be passed.  However, fiscal policy with near zero interest rates, which government has promised to keep in place for the near future, will provide a good platform for the economic recovery and allow us to look optimistically into 2021-2022.

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  • VW Truck & Bus To Invest US$ 400 Million in 2021-2025

    Fabio Ferraresi
    Fabio Ferraresi

    VW Truck and Bus has announced a new cycle of investment in Brazil operations of US$ 400 Million, for the period 2021 to 2025. This is higher than the last investment cycle, that was US$ 300 million that ended in 2020. This investment will be allocated in new products, mainly in alternative propulsion systems, such as electric, and improvements in the production facilities.

    Source: AutoData       Read The Article

    PSR Analysis:  The investment reinforces VW’s Truck and Bus focus in the…

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  • Ford Announces US$ 580 Million Investment in Argentina

    This investment is dedicated to the new generation of Ford Ranger, produced in Pacheco at the Great Buenos Aires since 1998. 70% of the investment will be for production facilities and 30% in the new product line development.

    Source: Valor Economico     Read The Article

    PSR Analysis: The production in Argentina is mainly for export. The main market for Ranger pickups is Brazil where they will compete with the GM S10 produced in Brazil and the Toyota Hi Lux produced in Argentina.    PSR

    Fabio Ferraresi…

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  • Brazil Is Key To Emissions Strategies for Oil Companies

    Recently, European BP, Shell, Equinor and Total signed the agreement to meet the zero net emissions target by 2050. These companies see the Brazilian market as a key component in meeting this goal while they assemble the projects portfolio with Photovoltaic, Offshore Eolic and biofuel.

    Source: AB Solar     Read The Article

    PSR Analysis: Brazil has a clean matrix and tradition in biofuel tradition since it began using Ethanol in the 70’s and 80’s. Some companies, such as Shell, operate…

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  • Haval Starts Building Motor Plant in Russia

    Maxim Sakov
    Maxim Sakov

    Construction of the new Haval plant is based on an investment contract. The new plant, which is scheduled to start production in 2022, Haval is expected to increase localization of its cars.

    The plant is located in Tula region, and its production should be enough to produce engines for more than 90% of the Haval cars sold in Russia.

    Investment in the project is estimated to be about US$ 55 million (4 billion Rubles). Planned annual production capacity is 80K engines.  

    Read The…

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