Fiat Chrysler will invest $500 million in its plant in Argentina

Fiat Chrysler stated it would invest 500 million dollars in its Cordoba plant in Argentina making a new model next year for the place.

The financial investment announcement was when Argentine president and the CEO of Fiat-Chrysler had a meeting this week and includes the upgrade of the Cordoba plant, incorporation of brand-new technologies and procedures and development training. The new design will be released in the 2nd half of 2017 and, once the enhancement is complete, the plant will have a total production capacity of more than 100,000 automobiles annually.