Ford plans $250M investment in Argentina business

Source: Associated Press

04.09.2010

NEW YORK — Ford Motor Co. has announced a $250 million investment to develop and produce a new vehicle in Argentina over the next two years.

The automaker, based in Dearborn, Mich., said Wednesday that the investment will also fund upgrades and improvements at its plant in Argentina, which will manufacture the new vehicle for Ford's Latin America markets.

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