The local subsidiary of the multinational Ford increased production at its Pacheco plant in Buenos Aires and hired 256 workers. The decision comes from the growing demand for its Ranger pickup truck model, both in Argentina and Latin American markets. The automaker increased the daily production volume of Ranger to 286 units, 30% higher than pre-pandemic levels.
The Government accelerates efforts to increase exports. They have outlined a strategy to enter strongly into the Brazilian methanol market. There is a potential of $350 million. Next week they will have the first rounds with importers.
Oil prices rose on Thursday to a six-week high after good growth data in the US. Brent North Sea crude oil for June delivery closed at 68.56 dollars a barrel in London, up 1.9%. Meanwhile, in New York, the WTI barrel for the same month closed 1.8% higher at 65.01 dollars, also a six-week high.
In over five months, 98,080 SMEs received financing through the line of credit for Productive Investment (LFIP) of the Central Bank (BCRA). Financial entities disbursed up to March 411,678 million pesos ($4.4 bn) in these loans, of which 19% corresponded to investment projects.