Now, companies can import auto parts that are not made locally without paying extra taxes, as long as they use those parts to build vehicles in Brazil or Argentina. This helps carmakers lower their costs and keep their factories running. The new rules also let companies use more parts from outside the region to build certain vehicles, like buses and small trucks. For these vehicles, the percentage of parts that must come from Brazil or Argentina has dropped from 50% to 35%. This gives manufacturers more flexibility and helps them stay competitive. Argentina’s car industry is growing fast. In the first five months of 2025, Argentina built over 207,000 vehicles, which is more than 12% higher than last year.
SOURCE: RIO TIMES