After years of slow activity in Argentina, Fiat has announced it will invest about $US150 million in its components plant in Córdoba city that mainly supplies vehicle production in Brazil.
Go deeper with GlobalData
The money will be used to boost engine volume and to restart local transmission production ended in 1997. The automaker also plans to use more locally-made parts in its engines and transmissions.
Despite of the boost to its components activities, Fiat does not plan to restart vehicle production in Argentina. The company closed its car plant here in 2001 to concentrate Latin American production at its Betim factory in Brazil.
Rogério Louro
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
