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Source: Buenos Aires Herald
Claiming a “high interest” from foreigners to open and expand operations in the country, President Mauricio Macri yesterday ended his European trip by meeting with a group of German business leaders, who praised the national government’s economic measures and vowed to increase investment in Argentina.
Automaker Volkswagen vowed to invest US$100 million in its factories in Greater Buenos Aires and Córdoba province, where it manufactures pick ups and gearboxes. Meanwhile, Mercedes Benz announced it will centralize its Latin American offices for van sales in Argentina — a move estimated to require a US$150 million investment.
“We had very productive meetings. There’s a great interest to invest in Argentina. We are back in the world and we are working to increase the amount of funds invested in Argentina,” Macri said. “Brazil’s crisis is affecting the vehicle industry in Argentina and these investments will guarantee jobs.”
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