Mercedes-Benz Investing US$170 Million In Argentina By 2015

Patrick Archer buenos aires events, competitiveness, foreign investment, real estate

Mercedes-Benz will invest US$170 million in Argentina over the next two years, an important development for the Latin country where the German automaker first started manufacturing over six decades ago. The announcement was made at Mercedes-Benz Headquarters in Stuttgart where the company shared plans to build several new models including a mid-size commercial van called the Vito. The Vito will …

Argentina Auto Production Grows 170%

Patrick Archer foreign investment, us companies

Another positive sign of economic recovery for both Argentina and several export destination countries based on data released yesterday by the Argentina Association of Auto Manufacturers (ADEFA). The Association is reporting a 170% increase in auto production for February 2010 compared to the previous year, or approximately 40,000 units compared to 14,900 units in February 2009. Last month’s robust auto …