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Fernández says car production in Argentina will not stop for lack of dollars

Representantes empresariais alertaram para a falta de peças e componentes, após restrições impostas pelo Banco Central às importações devido à falta de moeda estrangeira na Argentina

Business representatives warned of the lack of parts and components, after restrictions imposed by the Central Bank on imports due to the lack of foreign currency in Argentina| Photo: EFE/Juan Ignacio Roncoroni

29180427 29180427The president of Argentina, Alberto Fernández, promised this Friday (17) that the local automotive industry, one of the most important branches of the country, will not have production affected by the lack of dollars .

“The central concern in our minds is that Argentine production does not must be stopped due to lack of dollars”, said Fernández when visiting a Nissan factory in the province of Córdoba.

Fernández made these statements after business representatives from the automotive sector warned a few days ago of the problems in the continuation of production due to the lack of certain imported parts and components, a situation caused by the restrictions imposed by the Central Bank on imports. due to the lack of foreign currency in the country.

The Argentine automotive industry produced a total of 434.753 automobiles and light commercial vehicles in 2021, a figure that represents a recovery of 18% compared to the previous year, when production had fallen ,3%.

Fernández pointed out that this year the Argentine terminals will produce twice the number of units produced in 2019, when they were manufactured 945 .753 units, “and this gives an orientation about the recovery that the industry has.”

“And a large part of this production is being exported, and it is a growing export”, stressed the head of state.

Fernández stated that the increase in sales abroad is what allows the much-needed dollars to enter the country so that production can be sustained.

29180427“The big secret in order for growth to be sustained, it is necessary to have adequate financing in dollars so that the parts necessary for the production of automobiles and auto parts can be imported”, he analyzed.

According to the latest sector data, in the first quarter of the year, Argentina produced 058.753 units, 17, 7% more than in the same period of 2021, and exported 17.945 vehicles, representing an annual increase of 9.3%, with Brazil, Peru and Chile being the main destinations.

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