MercoPress. South Atlantic News Agency
GM to manufacture aluminium engines in Argentina for local and export markets
General Motors plans to invest 740 million dollars through 2016 in Argentina to build a factory to turn out aluminium motors. The announcement comes as the Argentine auto industry saw a more than 20% drop in production in the first quarter compared to the record performance in the same period in a year earlier. Read full article
Comments
Disclaimer & comment rulesGM would have been better building in Brasil.
Jul 14th, 2014 - 10:24 am - Link - Report abuse 0There are millions of soft drink cans collected each day, so the South American engines etc can be recycled products.
It seems that GM is continuing to make stupid strategic decisions, just like it does in Europe.
Jul 14th, 2014 - 10:59 am - Link - Report abuse 0Let’s hope they come to their senses before the financial disaster that is coming to your favourite country actually arrives.
This is a way for GM to show that they have plans for the U$ trapped in Argentina so its not confiscated by the Gov't.
Jul 14th, 2014 - 11:51 am - Link - Report abuse 0Who knows if they'll ever build the plant.
Lots can happen in the next 2 years.
Aluminum smelting is ideal for Argentina as they have subsidized electricity in the south.
Jul 14th, 2014 - 04:12 pm - Link - Report abuse 0Yankeeboy has also a valid point...
Vote of confidence from US.
Jul 14th, 2014 - 04:36 pm - Link - Report abuse 0After the Ks have left ...
Jul 14th, 2014 - 04:39 pm - Link - Report abuse 0when did that happen ...
Jul 14th, 2014 - 04:53 pm - Link - Report abuse 0It will happen in 2016
Jul 14th, 2014 - 04:56 pm - Link - Report abuse 0Erm excuse me! export 10.000 units annually to the EU, when they still have import restrictions on EU goods.
Jul 14th, 2014 - 05:04 pm - Link - Report abuse 0Where did that one come from?
I don't think so!
Welcome to 2014.
Jul 14th, 2014 - 05:08 pm - Link - Report abuse 0I know its 2014..Your point, idiot??
Jul 14th, 2014 - 05:14 pm - Link - Report abuse 0Russians, Chinese and now Americans...everybody one wants to invest in Argentina!!!
Jul 14th, 2014 - 05:28 pm - Link - Report abuse 0I think there's another huge devaluation coming mixed with a forced devaluation of bank deposits.
Jul 14th, 2014 - 05:32 pm - Link - Report abuse 0Just like they did a decade ago.
@12,
Jul 14th, 2014 - 06:47 pm - Link - Report abuse 0guess it is time to pick the low hanging fruit...
Will one never learn,
Jul 14th, 2014 - 07:52 pm - Link - Report abuse 0the more you food this cow, the more grass it will consume,
and the more outrageous she becomes,
besides she love to nationalising things...lol
#10 GM is building right next to the expanded Ford plant.
Jul 14th, 2014 - 09:06 pm - Link - Report abuse 0An engine plant for 90,000 units per year doesn't cost anything like $740 million.
Jul 14th, 2014 - 09:11 pm - Link - Report abuse 0$72 million would be nearer the mark.
Less than 1% of GMs global output, and engine manufacturer only employs a tiny percentage of the people that vehicle manufacture does.
It's a token...and spun out of all proportion....$3/4 billion investment for 90,000 engines a year lol....nearly $10,000 per unit of annual capacity...chuckle, yeah right.
16. Didn't Ford stop the expansion because they started laying off people?
Jul 14th, 2014 - 09:41 pm - Link - Report abuse 0@17 the $740 million probably include the assembly bots for the new D2XX platform, since that factory only built obsolete cars with 1980s technology they probably need to upgrade the whole plant to make any new models.
Jul 14th, 2014 - 10:01 pm - Link - Report abuse 0lol @ 11. tetchy.
Jul 14th, 2014 - 10:20 pm - Link - Report abuse 0temper boots.
I actually thought they stopped even before that. I can't see GM spending that money in Argentina.
Jul 14th, 2014 - 10:39 pm - Link - Report abuse 020 Verbiage
Jul 15th, 2014 - 05:33 am - Link - Report abuse 0yes, but what is your point ??
- a very glib non- sequitur from the Troll gallery.
“Welcome to 2014.”
Jul 15th, 2014 - 07:29 am - Link - Report abuse 0In July.....
Only took 6 1/2 months for poor Vestige.
Give him time for a good comeback..... should be here in October.
Nice he is back, I could do with some sport..
Jul 17th, 2014 - 12:05 am - Link - Report abuse 0Wish he had a point tho...
Sniping from the sidelines is just cowardly.
Just so you know, GM has stopped production in VZLA, nothing confirmed if they will ever return.
Any thoughts on this?
surely the imbeciles here think that gm should produce those engines in chile (lol) or in the islets (lol x 1000).
Jul 17th, 2014 - 12:34 pm - Link - Report abuse 0there are only 2 (two) countries in south america with the infrastructure and skilled labor to produce them = Brazil & Argentina, in spite of their governments and politicians.
a comerla
@ 25 polly
Jul 17th, 2014 - 12:58 pm - Link - Report abuse 0”there are only 2 (two) countries in south america with the infrastructure and skilled labor to produce them = Brazil & Argentina, in spite of their governments and politicians.“
You omitted one important word, to be inserted between ”skilled“ [I like the joke] and ”labour” [English] and that is IDLE.
Applies to both countries, equally.
Chris(tina)
Jul 17th, 2014 - 01:08 pm - Link - Report abuse 0idle or not, we have the knowledge and the means for producing.
something you cannot find in the rest of south america.
and a lot less in chile or the islets.
bunch of lazy.
27. There's nobody lazier than a unionized Argentine.
Jul 17th, 2014 - 02:07 pm - Link - Report abuse 0Nobody.
I have my doubts this will ever come to fruition. There's a good chance Arg will be into hyperinflation by next year and every Intl business will pull out then.
@27
Jul 19th, 2014 - 11:56 am - Link - Report abuse 0Toyota, GM and Ford were producing in Venezuela last year. This is has no all been stopped due the impossibility of the currency controls. The companies have pulled out due to government economic incompetence and corruption. Not because of lack of skilled labour or infrastructure.
So the skills and knowledge is there to be found in other parts of Latin America.
Paul Squealeron showing lack of knowledge of his own continent, again.
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