Source: Industry Week
General Motors’s (IW 500/5) (GM) first South American factory turning out aluminum motors will be located in Argentina. The company will invest invest $740 million through 2016.
The announcement comes as the Argentine auto industry saw a more than 20% drop in production in the first quarter compared to the record performance in the same period in a year earlier.
The new unit will be installed in the GM complex in Rosario, an agro-industrial port city some 190 miles northwest of the capital, according to the office of President Cristina Kirchner.
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