By DOW JONES NEWSWIRES, Published April 10, 2012
Sergio Marchionne, chairman of Italy's Fiat Industrial (FI.MI), said the company has committed to increase the investment of its CNH Global NV (CNH) subsidiary in Argentina to a total of US$200 million, La Repubblica reported in its Wednesday Internet edition.
The announcement follows a meeting in Buenos Aires this week between Marchionne and Argentina's President Cristina Fernandez de Kirchner.
In April of 2011, CNH announced plans to spend US$100 million establishing a local manufacturing site at Cordoba for the production of combines and tractors for the Latin American market.
Newspaper website: www.repubblica.it