Auto companies seek opportunities in Buenos Aires motor show

World Today

The 7th Buenos Aires International Motor Show is giving the car industry a chance to shine in South America. Classic cars are on display, but so are innovate new ideas.

CCTV America’s Joel Richards reported this story from Buenos Aires.

Auto companies seek opportunities in Buenos Aires motor show

The 7th Buenos Aires International Motor Show is giving the car industry a chance to shine in South America. Classic cars are on display, but so are innovate new ideas.

Highlights:

  • Two Chinese companies are taking part in the show.
  • With over 500,000 visitors expected, the show is an opportunity not only for companies to launch new models, but also maintain visibility in an increasingly tough market.
  • Brazil is currently experiencing mass layoffs. Thousands have lost their factory jobs since January in the world’s fourth-largest market. In Argentina, after a record breaking year in 2013, sales dropped by over 20 percent in 2014.