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Volkswagen: new SUV project in Argentina.

(CercleFinance.com) - Volkswagen plans to invest some 560 million euros over the next five years in the production of a new SUV in Pacheco, Argentina, the German car maker said over the weekend.

As from 2020, the plant will deliver the new model built in Argentina to the entire South American continent, the group said.

The new vehicle project is set to create some 2,500 jobs, VW added.

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