British maker of autoparts closes Argentine business

Wednesday, February 22nd 2023 - 11:00 UTC

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A British maker of auto parts is closing its plant in Victoria in the province of Buenos Aires on the northern outskirts of the country's capital due to the “serious economic situation” the South American nation is going through, it was reported. The sector is particularly affected by foreign exchange restrictions which render inputs unattainable. Read full article

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Marti Llazo
This reminds us of the cost of vehicle parts such as tyres here in Argentina. In Río Gallegos it is nearly impossible to find some rather standard sizes, but just across the frontier in Chile, in Punta Arenas, there are almost no shortages at all. A 225/75-16 tyre for my Toyota costs about the equivalent of US$180 in Chile but the same tyre, if you can ever find them, goes for about the equivalent of US$400 or more in Argentina. It's insane. It's Argentina.
Feb 24th, 2023 - 03:14 pm - Link - Report abuse 0
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