Honda to invest $29.5 Million in Argentina

Source: Latino Fox News

10.29.2014

Japanese automaker Honda said it plans to invest 250 million pesos ($29.5 million) to launch production of its new HR-V mini SUV in Argentina.

The president of Honda Motor de Argentina, Hideki Kamiyama, made the announcement during a meeting Tuesday with Argentine Industry Minister Debora Giorgi.

The company plans to begin manufacturing the HR-V in Argentina during the first four months of 2015 and churn out 15,000 units a year in that country.

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