General Motors (GM) will invest $450m to manufacture a new global Chevy vehicle at its Rosario Automotive Complex in Argentina.
The investment will be made between 2013 and 2015 at the Rosario facility, which had produced more than 136,000 vehicles in 2011.
With the investment, GM Argentina will add new vehicles for export as well as refurbish Chevrolet's vehicle portfolio for customers and dealers in Argentina.
GM Argentina President Isela Costantini said, "This new model to be based on a global platform will run in addition to the models we are currently manufacturing in our plant and will allow us to supply the regional and domestic market with even more high-quality, high value Chevrolet products."
Source:
http://manufacturing.automotive-business-review.com/news/general-motors-to-invest-450m-in-argentina-plant-251012
