Fiat Chrysler resumes vehicle export from Brazil to Mexico

Article by Christian A., on December 18, 2014

Fiat Chrysler Automobiles is now back in the business of exporting vehicles from Brazil to Mexico as a weaker Brazilian currency hikes value of exported products and as the carmaker tries to offset slumping demand in the country. According to Cledorvino Belini, Fiat Chrysler’s chief executive officer for Latin America, the last time the carmaker made a substantial export to Mexico from Brazil was in 2010 with around 15,000 shipped.

He expects the Brazilian real to further weaken against the dollar next year from the current BRL2.68 per dollar to BRL2.80 per dollar – a situation that could further shift the dynamics of bilateral auto trade between the two countries.

In 2012, Brazil pressed Mexico to limit its vehicle exports since a strong real and an over-surging Brazilian economy has resulted to a large inflow of cheaper vehicles from its northern neighbor.

But as demand for vehicles weaken in Brazil, carmakers are trying to avoid excessive capacity in the country by looking to sell their products in neighboring countries, hoping that they would open their borders for exports.

Despite a foreseen 8-percent fall in sales this year in Brazil, Belini remains convicted of his forecast of flat sales in the country in 2015.

If you liked the article, share on:

Comments

Recommended

The Chinese market will soon be getting the exclusive China-only model, Mercedes-Benz GLC-L, for a premium of 15,000 yuan ($2,300) more than the regular model. The difference is actually quite...
by - January 20, 2018
The Bentley Bentayga is set to participate in the famous Pikes Peak International Hill Climb that is slated to take place on June 24th in Colorado. The automaker’s motorsport department...
by - January 19, 2018
Infiniti will commence sales of the new 2019 Infiniti QX50 in the spring, with a starting price of $36,550. But before the big launch, Infiniti has introduced a new reservation...
by - January 18, 2018
BMW fans may be surprised with what the car manufacturer’s boss Robert Irlinger said in a recent interview with Autocar during a recent media meeting. And this is the fact...
by - January 18, 2018
Currently, there aren’t any Lexus convertibles out in the market, but it seems like it won’t be too long until we see one again. This is because Toyota’s premium brand...
by - January 18, 2018
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries