Argentina Gets $3.5B For Auto Manufacturing

According to Industrial Info Resources, the Argentine Manufacturers Association will see large investments by 2010 to boost capacity from 500,000 to 750,000 units.

CĂ“RDOBA, Spain - The Argentine Manufacturers Association (Adefa) automobile terminals in Argentina will see production increases from 500,000 units to 750,000 units with a $3.5 billion investment by 2010, according to Industrial Info Resources.

Renault alone will invest $110 million before 2009.

Adefa is the combined local subsidiaries of General Motors, Ford, Fiat, Peugeot-Citroen, Renault, Toyota, Volkswagen and DaimlerChrysler.

Argentina’s automobile production experienced a 43 percent yearly growth. The main customers for Argentina are Brazil, Mexico, Chile, Venezuela, U.S., Paraguay, Bolivia, Colombia and Ecuador.

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