The Latin America News Digest reports that Volkswagen plant in Cordoba, central Argentina, will compete for a $100m investment plan announced by the company for the expansion of gearbox output capacity.
Go deeper with GlobalData
Ronnie Frost, Institutional Relations director of VW Argentina, said that the investment was yet to be defined and it was not sure that the funds would go to Argentina. If Argentina captures the investment, the expansion of the plant in Cordoba and the increased gearboxes output will create 500 new jobs, Frost added.
Two plants of VW in Germany are also bidding to receive the investment, the report said.
In 2004, the VW plant in Cordoba produced 520,000 gearboxes, up from 440,000 units in 2003.
