The new agreement in the automotive sector covers the establishment of an incremental quota system for the next three years without payment of tariffs (35% which tax extra zone products).
From April 1, 2019, Vignati takes control of the company’s operations in Chile and Peru.
Through R118/2019 that raises the car carrier’s height from 4.30 to 4.70 mts, operating costs are reduced.
The new system will allow the entry of more operators to the country’s freight rail network.
The amount is added to the US$ 650 million announced for the production of a new vehicle in General Pacheco. In Cordoba the company will add 6-speed manual transmissions, 100% destined for export.
The event which counts with the presence of some 40 car part companies from abroad aims to present the investment opportunities in the Argentine automotive market.
Hernán Vázquez was named president and CEO of Volkswagen Argentina and Pablo Di Si, president and CEO of Volkswagen South American Region and Volkswagen do Brazil.