VW increases gearbox exports by $300 million

Volkswagen has just signed a contract for the period 2021-2025 to export some 400,000 additional units of the gearboxes it produces in Córdoba. That will represent revenues of some $300 million. Also, due to the strong demand of pickups in the domestic market, the company will reopen next week the second shift of production in the General Pacheco plant of Buenos Aires, so that around 1,000 workers will return to the activity.

The Government launched the Gas Plan to import less: YPF will invest $1.8 billion

The government presented this Thursday in Vaca Muerta the Gas Plan, in which YPF will invest $1.8 billion in the next years. The contracts will sign for four years. The modality will mean a saving of $ 5.63 billion in substitution of imports, and there will be a fiscal saving of $ 2.5 billion concerning the current scheme. YPF's share value fell by 5% after the announcement.