logo
  

GM To Begin Production Of Chevrolet Tracker SUV In Argentina In July: Reuters

Auto major General Motors Co (GM) plans to begin production of its Chevrolet Tracker SUV in Argentina next month, Reuters reported citing the company and the Argentine government.

GM senior vice president and president of GM International Shilpan Amin discussed production plans with Argentine President Alberto Fernandez in a meeting in Los Angeles.

As per the report, the company's goal is to export the new vehicle to other Latin American countries, mainly to Brazil and Colombia, where 80% of the production will be destined.

Till now the popular Chevrolet Tracker was coming to Argentina from Brazil, where the automaker started the production in 2020.

In 2017, the company reportedly had announced its plans to invest $300 million in its Argentina operations to build a new Chevrolet model at its Alvear plant in Argentina's northeastern Santa Fe province. Earlier, between 2014 and 2016, the company had invested $740 million in the plant.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney's streaming service Disney+ is rolling out its much-anticipated new ad-supported subscription plan for Disney+ in the U.S. as part of its bid to stem the loss and make its streaming business profitable after the services posted a hefty operating loss of more than $1 billion in the third quarter. It is also raising pricing for its bundled subscription plans with Hulu, ESPN+ and live TV. The U.S. Food and Drug Administration announced the intended availability of base powder to make around 6 million bottles of specialty formula from Mexico as part of its efforts to meet the nationwide supply shortage caused by Abbott Nutrition recall. Reckitt Nutrition/Mead Johnson Nutrition will send an initial shipment of 331 thousand pounds of base powder for PurAmino Hypoallergenic Formula. Shares of Deutsche Telekom AG were gaining more than 1 percent in the morning trading in Germany after the telecom major on Thursday raised its fiscal 2022 earnings outlook again, despite reporting lower profit in its second quarter. Adjusted EBITDA AL, a key earnings metric, increased, while adjusted EBITDA AL margin dropped.
Follow RTT