Honda Motor Company plant in South America is officially the national and international markets to focus on the production of compact cars unveiled.
Since 2009, more and more pressure is placed on the market for Honda cars supply. More than 40 percent in 2009 - because of the fervent local and international demand, the automobile industry in Argentina in 2010 produced nearly 700,000 cars. Most of the cars exported from Argentina to Brazil is sent, and exports increased by nearly 40 percent last year as well. Before the factory was opened, the Honda cars made in Brazil and Mexico moved factories to meet demand in Argentina. The company believes the plant will be a major player in the South American economy. In addition, almost two 20,000 cars from the factory by 2014 to 2015, is produced will be sent to other countries of the third.
Cristina Fernandez, Argentina's president said the factory Honda can help increase your productivity. It is estimated that the Honda plant at $ 210 million has been spent already. Officials believe that by 2012 the company plans to invest over $ 40 million, although an official number was not confirmed by Honda.
Honda began to publicize their intentions to build factory for almost three years ago but have put off their opening because the company did not believe very much in demand in South America recently, especially during the worldwide economic slowdown has was. But the import of automobiles from the President of Argentina to boost local economy and protect their own industries were manufacturing was limited. Argentina's automotive industry provides jobs to many blue-collar workers.
Currently, nine car manufacturers and suppliers, import-export contract has been signed and automobiles and car parts to enhance their delivery promises. Even Porsche, which Argentina does not participate in the automobile manufacturing industry is expected to import the car in 2011 in exchange for other goods to export.