GM to invest in Argentina for producing new Chevy model image

The North American based automotive giant General Motors has recently announced its plans to invest 450 million USD (349 m EUR) in Argentina in order to produce a new Chevrolet model.

According to the car manufacturer, a 450 million USD investment (349 m EUR) will be made in the company’s Rosario Automotive Complex in Argentina and this investment will enable the facility to expand in order to accommodate a new model which will be based on a global platform.

“We are pleased to be making this investment in Argentina, which remains a very important market for us. 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”, sai the GM CEO, Dan Akerson, in a statement.

General Motors is currently testing the market in order to find out whether the new Chevrolet model will be offered exclusively in South America or if it will become a global vehicle. Additional details on the model are limited for the moment and are expected to be announced over the following months.