GM invests $450 million at Argentinian plant
Plant will build new Chevrolet vehicle when expansion complete in 2015.
BUENOS ARIES, Argentina—General Motors (GM) will invest $450 million until 2015 to expand its Rosario Automotive Complex in Argentina to build a new global Chevrolet vehicle, Chairman and CEO Dan Akerson said Wednesday.
GM Argentina produced more than 136,000 vehicles at its Rosario facility in 2011. The upcoming plant expansion will allow the subsidiary to add new vehicles for export and to refresh its Chevrolet offerings in the South American country.
GM Argentina sold 136,323 units in 2011, exporting more than 82,000 vehicles to countries in the region. It employs 3,300 people at locations in Buenos Aires and Alvear, in the province of Santa Fe.