February 27, 2012 by Tycho de Feijter
Chinese automaker Lifan will build a $150-million engine plant in Uruguay, Argentina’s news website Infobae reported. The website cited Roberto Kreimerman, Uruguay’s industry minister, saying the plant will create 500 jobs at the facility making engines for sale in Brazil and other South American countries.
Lifan also plans to build a car assembly plant in the country that will produce 10,000 vehicles a year by 2014. That plant may export the Lifan 320 and 620 models to Brazil and other members of the Mercosur trading bloc.