Argentina's auto production down 32.2% in January compared to a year ago

Thursday, February 7th 2019 - 10:00 UTC

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Auto production in Argentina continued to fall at the beginning of the year, having dropped 32.2% compared to twelve months before. This means total January auto production was 14.803 units, which is 7.055 less than in January 2018, 21.858. The figures were made public by Argentina's Automobile Manufacturers Association, Adefa. Read full article

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Enrique Massot
Argentina president Mauricio Macri has proved that, rather than following his father's industrialist steps, he seeks a return to a pastoral economy based on exporting unprocessed agricultural products -- which is in tune with his Blanco Villegas's large landowner maternal side.

Only that can explain the attacks on the domestic productive sector including most small, medium size and large enterprises, with the exception of private energy providers owned by Macri's friends, the financial and banking sector, and especially the large landowners and agri-export businesses benefited by significant reduction of export taxes.

Of course, this irrational direction attempts to set Argentina's clock back 100 years to return to a golden age dreamed by the country's backward oligarchy.
Feb 09th, 2019 - 07:14 pm - Link - Report abuse 0
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