engine maker International Engines South America, (the former Maxion) is forecasting
sales of $US490 million in 2002, an increase of 78 percent over the $US275 million
expected this year.

The company is increasing sales by investing in exports and has recently signed
two agreements to ship engines made in Brazil and Argentina to the United States
where they will be installed in Navistar school buses and Ford Econoline vans.

International Engines South America recently announced it would invest $US
50 million to modernise plants in both countries.

To view related research reports, please follow
the links below

automotive industry in Latin America: Mexico, Brazil and Argentina
Forecasts to 2005 (download)

world’s car manufacturers: A financial and operating review (download)

Engines & Parts to 2003