Vehicle output in Argentina this year is heading for a new record on the back of strong demand from Brazil, according to Fiat’s local manager.
Fiat Argentina President Cristiano Rattazzi told Reuters that Argentine automobile output will rise to a record high of more than 700,000 units this year.
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“Total production in 2010 will be of more than 700,000 cars and in 2011 we could get to nearly 800,000. The plan is to get to 1 million in five years (but) for that we need stronger domestic demand,” Rattazzi told the news agency.
Fiat’s Argentine unit has said it sees output tripling in two years if demand for new vehicles from Brazil continues to rise. The automaker’s factory in the central province of Cordoba currently produces 420 vehicles a day. The Argentine unit exports about 85% of its output with most going to Brazil and some to Chile, Uruguay and Venezuela.
Fiat is planning the return of Alfa Romeo to the Brazilian market in 2012. CEO Sergio Marchionne has also hinted that Chryslers could be made in Brazil or Argentina in the future.
