The president of Argentina, Alberto Fernández, held a meeting on Tuesday with the head of Ford, Martín Galdeano, who announced investments for 580 million dollars for the manufacture of the next generation of the Ranger model in the plant he has in the north of the province of Buenos Aires.

According to official sources, the investment project of the American company, with an uninterrupted presence in Argentina for 107 years, includes a local development plan for auto parts, which projects an Argentine production of 41 percent for the manufacture of the Ranger model. , for which Ford will allocate 30 percent of the planned investment.

It also includes the modernization of the General Pacheco plant, in the Bonarense municipality of Tigre, and the export of 70% of the volume built in it.

"We are determined that automakers will once again be the flagship of the national industry, with greater incorporation of national inputs and in alliance with workers to generate more employment," said Fernández during the meeting, in which he thanked Ford for " think about Argentina and its trust ».

The president described as "emblematic" the model that the company will begin to manufacture in General Pacheco.

Currently, Ford employs 2,800 people in Argentina - a country that has been in recession for more than two and a half years - and is expected to build around 37,000 units of the Ranger this year.

The meeting, which took place at the presidential residence in the town of Olivos, was also attended by the president of Ford South America and the International Markets Group, Lyle Watters.

The Minister of Productive Development, Matías Kulfas, among other national authorities, also attended.

Source: https://www.larepublica.ec/blog/2020/12/01/ford-anuncia-inversiones-en-argentina-por-580-millones-de-dolares/