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Fiat invests usd 100 million in agriculture machinery for Argentina

The Italian automaker Fiat will invest 100 million U.S. dollars in Argentina to produce agriculture machinery, the Argentine Industry Ministry and Fiat said on Tuesday. Through its local subsidiary Case New Holland (CNH) Fiat will start the local production and assembly of a small tractor, large capacity harvesters and the Fiat Powertrain Technologies (FPT) engines needed for these agricultural machinery. “Eighty percent of the investment will be used to produce tractors and harvesters, which at the beginning…