in Argentina plant
Volkswagen announces $650m investment
Volkswagen announces $650 million investment in Argentina plant
Buenos Aires - Arab Today
German automaker Volkswagen on Friday announced a plan to invest $650 million in an Argentina plant where it will manufacture a new sport-utility vehicle, according to a statement released by the government.
Business-friendly President Mauricio Macri, who ushered Argentina out of recession in 2016, has encouraged foreign investment especially after his center-right coalition's wins in last month's midterm elections.
Production of the SUV is anticipated to begin in 2020.
In a televised statement Macri noted that one year ago the government, companies and unions agreed to produce on million cars per year.
The president stressed that in 2017 Argentina has sold more than 780,000 cars, with record sales of trucks "which means production is moving, construction is moving."
Automotive factories produced nearly 393,650 units from January to October, according to Argentina's Association of Automotive Factories, 2.1 percent more than in the same period in 2016.
In those 10 months the sector commercialized 714,864 vehicles with a year-on-year increase of 21.8 percent in total sales, the group said.
Source: AFP
GMT 20:48 2018 Friday ,14 September
Volkswagen to end production of the Beetle next yearGMT 06:21 2018 Tuesday ,23 January
Volkswagen clinches record salesGMT 08:24 2018 Friday ,05 January
VW to build autonomous carsGMT 07:41 2017 Thursday ,21 December
Audi recalls over 52,000 carsGMT 06:11 2017 Tuesday ,12 December
Volkswagen boss urges end
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 11:09 2017 Saturday ,20 May
UK Prime Minister Theresa May's hand moves closer to Brexit trigger
GMT 21:03 2017 Thursday ,20 April
French anti-terror prosecutors say probing Champs Elysees shooting
GMT 12:15 2017 Thursday ,07 September
Gulf Air increases Moscow daily flights From Domodedovo Airport
GMT 05:17 2017 Wednesday ,01 February
US stocks end mixed amid earning reports
GMT 14:55 2018 Thursday ,11 October
"United States" No Syria reconstruction aid if Iran stays
GMT 00:18 2017 Tuesday ,19 September
Brazil's Temer sees healthy institutions in electoral court ruling
GMT 04:59 2017 Saturday ,23 September
Suicide bombers kill 3 in Iraq restaurant
GMT 10:51 2017 Saturday ,20 May
South Korean politician demands China stop retaliation over THAAD
GMT 15:57 2017 Monday ,23 January
Zayed Giving Initiative hosts second banquet
GMT 23:52 2017 Sunday ,01 October
Need more room? Twitter testing 280-character limit
GMT 15:03 2017 Sunday ,24 September
Three terrorists killed in DI Khan: ISPR
GMT 06:06 2017 Tuesday ,04 April
ACWA Power signs major deal for renewable energy project
GMT 08:13 2017 Friday ,03 March
Israeli photographer David Rubinger dead at 92
GMT 17:51 2017 Tuesday ,14 February
Khidr Shoebat reveals difficulties face carving olive wood's profession
GMT 01:11 2017 Saturday ,11 November
Saudi graft purge 'raises a few concerns': Tillerson
GMT 00:56 2017 Monday ,09 January
Money has lost anonymity post demonetisation
GMT 00:27 2017 Saturday ,25 February
Merkel will defy populists and stay on course to 2017
GMT 14:36 2017 Friday ,01 December
Disney makes history as 'Thor' pushes takings to $5bn
GMT 08:18 2017 Thursday ,02 November
Title-holder Mahrez excluded from CAF nominees
GMT 11:30 2017 Sunday ,19 November
Russia keen to establish trade relations with Pakistan
GMT 07:00 2017 Monday ,06 March
Colombia FARC women rebels plan
GMT 07:26 2017 Thursday ,18 May
Measles vaccine safe for pregnant women, Oman's ministry clarifies
GMT 14:37 2017 Sunday ,19 November
Mnangagwa replaces Mugabe as ZANU-PF party chief
GMT 12:59 2017 Friday ,03 November
Sarraj orders investigation of commander over threats to Egypt
GMT 06:59 2017 Thursday ,29 June
UN chief appoints Lebanese Ghassan Salame as head of UN Mission in Libya
GMT 05:05 2017 Tuesday ,21 November
Trump designates DPRK as state sponsor of terror
GMT 15:21 2018 Wednesday ,12 December
Israeli forces arrest 16 Palestinians in West Bank
GMT 18:37 2017 Saturday ,25 March
US Asks Israel to Stop Construction Outside Settlement Blocs
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor