Latin America Advisor
Latin America Advisor
A Publication of The Dialogue
How Much Are Auto Makers Investing in Latin America?
Several vehicle manufacturers have announced plans recently in Latin America. A vehicle manufacturing plant in Mexico is pictured. // File Photo: Mexican Government.
European vehicle manufacturer Stellantis in early March announced that it plans to invest 5.6 billion euros ($6.1 billion) in Latin America over the coming five years. The company called the plan the “largest investment in the history of the Brazilian and South American automotive industry.” How advanced are automakers’ plans for investments in Latin America, and what political and economic conditions are spurring those investments? Which countries in the region are particularly promising for vehicle manufacturers’ investments? How large of a role will Latin America play in the production of hybrid and electric vehicles?
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Emily Vihonsky, analyst for Americas vehicle production forecasts at Global Data: “A combination of factors has led to the slew of recent investment announcements from automakers operating in South America, specifically Brazil. The recent wave of Chinese investments has shaken up the market as automakers BYD Auto and Great Wall Motor share optimistic goals for domestic production with lineups consisting of hybrid and electric vehicles (EVs) to take place over the 2024-2025 period. In addition, the Brazilian government is expected to increase taxes on imported light vehicles, incentivizing a shift toward increased domestic production. Investment announcements from automakers including Stellantis, General Motors and Toyota to name a few, have shared intentions to…”
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About the Latin America Advisor
The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
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Gene Kuleta
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Carl David Goette-Luciak
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