Photo: Fiat in Argentina
Fiat Industrial is set to invest $100 million in Argentina that will result in 600 new jobs and 1,500 indirect jobs.
The $100 million will go toward building a new manufacturing plant which will manufacture combines and specialty tractors for the Latin American market and expanding an existing plant in Cordoba, Argentina.
The announcement was made by Fiat Industrial Chairman Sergio Marchionne and Argentina’s President Cristina Fernandez.
The initial investment will expand manufacturing capabilities in Cordoba by adding new localized product lines that are expected to be ready in the fourth quarter of this year.