SAO PAULO -- Fiat Auto SpA expects the Argentine economy to remain depressed until 2004 and, therefore, has set up a $20 million program to seek out new markets for vehicles produced at its Cordoba factory. The goal is to export from Argentina to Colombia, Peru, Ecuador and the Caribbean countries in the hope of increasing exports by 100% by the end of 2003. “With the devaluation of the peso, we know that it will take at least two years to reconstruct the country,” says the ...
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