General Motors to invest $450 million in Argentina plant over next 3 years
With plans afoot for a new Chevrolet product in the making, General Motors has announced that between 2013 and 2015, $450 million will be invested…
General Motors investment is part of expansion plans scheduled for Argentina and Brazil where the company has a notable presence. The company has just unveiled their new Chevrolet Onix compact and has plans to introduce 12 new Chevrolet models in Argentina over the coming 3 years which will include Onix, Cobalt and Trailblazer.
General Motors’ Rosario plant sees production of 135,000 vehicles per year. The company has been present in Argentina since 1925 and has an extensive dealer network within the country. Expansion operations in the plant will enable General Motors to enhance exports and keep updating their portfolio for dealers and customers across Argentina.
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Auto News Release
GM to Invest $450 Million in Argentina
CEO Dan Akerson and Argentina President Announce New Chevy Vehicle
BUENOS ARIES, Argentina – General Motors will invest $450 million between 2013 and 2015 to expand its Rosario Automotive Complex to build an all-new global Chevrolet vehicle, Chairman and CEO Dan Akerson said Wednesday.
Akerson was joined by Argentina President Cristina Fernández de Kirchner; GM South America President Jaime Ardila; and GM Argentina President Isela Costantini.
“We are pleased to be making this investment in Argentina, which remains a very important market for us,” Akerson said. “We have a long, proud history here dating to 1925 and our latest investment is certainly good news for our GM Argentina employees, our extensive dealer and supplier network and the local economy.
“We also have an excellent relationship with the Argentine government and would like to thank President Fernández de Kirchner for her ongoing support in making today’s announcement possible,” Akerson said.
GM Argentina produced a record of more than 136,000 vehicles at its Rosario facility in 2011. The upcoming expansion of the plant will allow GM Argentina to add new vehicles for export and to continue refreshing the Chevrolet vehicle portfolio for dealers and customers in Argentina.
“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,” Costantini said. “It is a huge vote of confidence for the entire GM Argentina team and the country.”