European Commission is to examine aid paid out by the German government to car manufacturers BMW and Volkswagen. The money has been pledged to promote projects in eastern Germany.
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.