The automaker received the “Industrial Investment of the Year Merit” from the Santa Fe Industrial Federation (FISFE), a special distinction awarded for the first time by said institution in the Argentine province where the Alvear complex is located. This recognition for GM was received by the company’s top executive in Argentina within the framework of the celebration of Industry Day in the South American country.
“We thank FISFE for this recognition of the efforts of our employees, suppliers, unions and governments that made it possible to carry out this project that strengthens our production base to increase our vehicle exports to the region,” said Vice President of GM Argentina, Uruguay and Paraguay , Federico Ovejero, in a statement. “This new step allows us to have the latest in manufacturing technologies 4.0 and demonstrates our commitment to the Industry of Santa Fe and Argentina,” he added.
GM recently finalized the investment project to manufacture the Chevy Tracker in Argentina, which contemplated an outlay of 300 million dollars in conjunction with an additional $200M made by suppliers, resulting in a total investment of $500M. This project involved 59 national companies, of which 26 are established in the same province of Santa Fe where the Alvear plant is located.
The company announced that on July 18th, it began manufacturing the Chevy Tracker at the Argentine complex, and the crossover joins the production of the second-generation Chevy Cruze – which for several years was the only model manufactured at the complex. The arrival of the Tracker to the production lines of the Alvear plant allowed the adoption of new technologies and increased its capacity from 80,000 to 115,000 vehicles per year.
The Chevy Tracker manufactured in Argentina is destined mainly for export markets in South America, with the strategic objective of complementing the units of the vehicle manufactured in the GM São Caetano do Sul plant in Brazil.