Whereas in Europe, American carmakers are either shutting down factories or looking for ways to reduce capacity, in other parts of the world, they’re making plans to expand their existing operations.
In Argentina, General Motors announced that it will invest $450 million (€348 million) between 2013 and 2015 to expand its Rosario Automotive Complex to build an all-new global Chevrolet vehicle, details of which were not disclosed.
“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,” said GM Argentina President Isela Costantini.
GM’s Argentina division produced 136,000 vehicles at the Rosario facility in 2011, which was a new record for the plant. The carmaker said that with the upcoming expansion, the plant will be able to support the production of new vehicles for export, thus further increasing its output.
“We are pleased to be making this investment in Argentina, which remains a very important market for us,” said GM Chairman and CEO Dan 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.”
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