General Motors To Invest $450 Million In Argentina Complex
General Motors will be investing $450 million between 2013 and 2015 to expand their Rosario Automotive Complex to build a new global Chevrolet vehicle according to chairman and CEO Dan Akerson. “We are pleased to be making this investment in Argentina, which remains a very important market for us,” stated Mr. Akerson. “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.
GM Argentina had produced a record of over 136,000 vehicles at the Rosario facility in 2011. Through the expansion, GM Argentina will be able to add new vehicles for export and continue refreshing the Chevrolet vehicle portfolio for their 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,” stated GM Argentina President Isela Costantini. “It is a huge vote of confidence for the entire GM Argentina team and the country.”
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