French auto maker Renault has plans to invest 400 million Pesos (100 million US dollars) to produce a new model geared towards the Mercosur market, Argentina's industry minister Debora Giorgi announced this week.
The European Union/Mercosur trade talks taking place in Paraguay are attempting to advance with a ‘verbal exchange of proposals’ while negotiators continue ahead with technical aspects of a future agreement, according to Argentine sources.
Argentina's industrial production expanded strongly in March over a year ago, 8.8%, as the consumer boom continues to fuel demand for everything from cars to home appliances. However monthly output slowed to a standstill and was unchanged from February, according to the national statistics institute, Indec release on Wednesday.