Tag: Jaime Ardilla

• Saturday, September 13th 2014 - 06:44 UTC

  Argentina guarantees car makers sufficient dollars to meet production target

  

  Car makers in Argentina have sufficient dollars to meet production and sales targets, the government said Friday, a day after General Motors Co announced it had suspended exports from Brazil to its Argentine unit due to a hard currency shortage.

• Monday, July 14th 2014 - 06:17 UTC

  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.

• Tuesday, August 2nd 2011 - 07:03 UTC

  Brazil forecasted to become world’s third largest automobile manufacturer

  

  Brazil’s car production capacity is expected to jump from the current 3.6 million units per year to 6.2 million by 2025 supported by massive investments from the industry estimated in 19 billion dollars by 2017, according to estimated from the Vanzolini Foundation in Sao Paulo.

• Wednesday, June 8th 2011 - 23:09 UTC

  GM bets strongly in South American market: 1.5 million cars per annum by 2015

  

  General Motors expects to sell 1.5 million vehicles a year in South America by 2015, up from 1.03 million last year, according to the head of the largest U.S. automaker's operations in the region.