Argentina

On April 22 it was announced that Marcelo Matzkin, the mayor of Zarate, Argentina, made an offer to Tesla for installing a plant in there.

"In Zarate, Argentina, any company that wants to set up a plant to produce electric vehicles, their auto parts and charging infrastructure, will not pay taxes for 10 years. We are waiting for you, Elon Musk. We have the best location" commented Matzkin.

The offer includes one condition from the mayor, that 75% of Tesla's workforce must be local.

The proposal came after the meeting between Argentine President Javier Milei and Elon Musk in the United States, with the possibility of Tesla establishing an EV production plant to supply all Latin America from Argentina.

(Motor1 Argentina on April 22, 2024)

On April 20, GM announced a production halt again from April 22 to 26 at its Alvear plant, in Argentina, affecting around 1,200 people.

This measure is taken due to the strong recession and the decline in sales in the automotive sector that had a decrease in production during the first quarter of 23%.

The OEM also opened a voluntary retirement plan but did not mention to how many people it was offered. This offer was previously made by other OEMs in Argentina like Toyota and Renault.

(Multiple sources on April 22, 2024)

On April 17, Stellantis announced the investment of USD 100 million to acquire 49.5% of the capital of 360 Energy Solar S/A, an Argentine company specialized in renewable energies.

The association seeks to develop solar photovoltaic parks in automobile factories, implementing solar energy technologies, energy storage and green hydrogen production.

360Energy operates six solar plants in different Argentine provinces with an installed capacity of more than 250MWp and has projects to add 500 MWp extra. In addition, the company is seeking expansion to Latin America and Europe.

Currently, the Córdoba and Palomar plants are already supplied with energy from the La Rioja solar complex, showing the OEM's commitment to energy autonomy and reducing the carbon footprint, as part of its plan to achieve carbon neutrality by 2038.

(Stellantis Argentina on April 17, 2024)