The Detroit based auto giant General Motors on Thursday said it will invest $150m on its Rosario Automotive Complex in Argentina. The investment will increase the production capacity for the Chevrolet Classic and Chevrolet Agile.
“General Motors has been the leader in vehicle sales in South America for 10 years in a row and we are committed to continue growing in the markets of the region to consolidate our leadership in the coming years, ” South America President Jamie Ardilla said.
According to the company, a third shift will be added at the plant, creating at least 600 new jobs. Expansion work will begin in 2012. The Rosario investment is part of $4 billion GM is spending in the region.
In Argentina, General Motors started production in 1925. A new 48,000 m2 plant with a covered area was opened in 1929, and since then the Buick, Marquette, La Salle, Cadillac, Vauxhaul and Opel marques also started to be produced.
Rocha said the investment will help strengthen the local supply chain and help as much as $150 million in imported parts by 2012.
The American giant operates plants in 30 countries and employs approximately 266,000 people around the world.