Argentina targets car output of 1 million vehicles a year, minister says

Argentina’s automobile manufacturers are closing in on fhe one-million-vehicles-a-year mark, the country’s industry minister, Débora Giorgi, said on Tuesday July 2.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

“We are very close to reaching an annual production of 900,000 cars, and we will go to a million,” Giorgi said.

An output of 900,000 vehicles this year would represent an increase of nearly 18% from the 764,495 cars produced in Argentina last year.

Giorgi was commenting on figures released by Argentina’s automotive dealers association, Acara, which reported local sales of 498,620 cars in the first half this year, up by 8.3% from the same period in 2012.

This was the “best first half” ever in Argentina, according to Acara.

In June alone, local sales reached 73,349 units, up 5.2% year-on-year.

Argentina’s automobile manufacturers association, Adefa, is expected to release official production figures soon.

What to read next
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.