GM to invest $270 million in Argentine factory: government

BUENOS AIRES Mon Jul 7, 2014 5:53pm EDT

The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan in this file photograph taken August 25, 2009.  REUTERS/Jeff Kowalsky/Files

The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan in this file photograph taken August 25, 2009.

Credit: Reuters/Jeff Kowalsky/Files

Related Topics

BUENOS AIRES (Reuters) - General Motors Co (GM.N) will invest $270 million to build a factory to produce aluminum motors in the Argentine province of Santa Fe, the government said on Monday.

The factory, expected to produce 90,000 motors a year, will begin operations in early 2017, the government said in a statement.

(Reporting by Eliana Raszweski; editing by Matthew Lewis)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.