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 …

Porsche Argentina Will Trade Carreras for Cabernet Franc

Patrick Archer foreign investment, lifestyle, wine & vineyards

As we’ve seen in recent spats with Brazil and China, Argentina’s trade balance can be a sensitive issue for the Casa Rosada. But the backlash moved beyond BRIC-landia when the Ministry of Interior Trade decided to go after luxury automakers who ship high-end cars to Argentina without buying anything in return. And while several U.S., European and Asian countries export …

European Luxury Imports Are Booming in Buenos Aires

Patrick Archer argentina polo, buenos aires events, foreign investment, lifestyle

If March sales figures were any indication, 2010 will be a very good year for European luxury automakers exporting to Argentina. According to iProfesional; Audi, BMW, Mercedes-Benz and Porsche all posted double or triple-digit gains in units sold compared to March 2009. Several factors are contributing to the current boom: the falling Euro, pent-up demand after automakers slashed production and …