The government assures that General Motors has committed a millionaire investment in Rosario

In what was his first official meeting of the day, Alberto Fernandez received General Motors CEO Shilpan Amim at this city’s Ritz Carlton hotel. It was before the opening of the 9th Summit of the Americas that Joe Biden will inaugurate with the heads of state who have come to this regional meeting where there are important shortcomings.

At the end of the meeting, the head of the Chamber, Sergio Massa, and the spokesman for the presidency, Gabriela Cerruti, said that the car giant that has the Rosario plant, Santa Fe, has reconfirmed for the last week of July a $ 350 million investment in the defendant Chevrolet Tracker. It is actually 300 million dollars, as previously officially confirmed. The commitment already existed from Mauricio Macri’s government.

The government also said the company has promised to expand the investment up to $ 900 million in case auto parts and electromobility laws come out.

For the government, these are fundamental laws that would power economic activity as they also represent a source for generating genuine dollars.

The law for the promotion of investments in the automotive industry, that of electromobility are part of the package of laws sent last year by the now dismissed Minister of Productive Development, Matías Kulfas.

Shilpan Amin is the son of Indian immigrants to the United States and grew up in Michigan. He was accompanied by a well-known man from the Argentine Red Circle: today GM’s Global Director of Corporate Affairs is Tom Cooney, a former career diplomat who was a Chargé d’affaires at the US Embassy in Buenos Aires.

After the interview between Fernández and Amin there was this Wednesday afternoon there were clarifications below. The company was unaware of any investment commitments with respect to auto parts and electromobility laws. What today is more a wish of the government than a reality.

Alberto Fernández was invited to the Tracker launch event and the president in turn joked about inviting Joe Biden as well. This almost never happens. By the way, it is Fernández who on July 25 you have an invitation to the White House to meet the President of the United States.

The journalists accompanying the president here asked Massa if there were any proposals from entrepreneurs regarding the claims of normalization of business transfers abroad. He replied “no” because the automakers “solved it by working with a compensation scheme, and the flex is giving them a positive result, especially due to the closure of Ford Brazil.”