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Ford To Invest $250M In Argentina

Automaker has announced a $250 million investment to develop and produce a new vehicle in Argentina over the next two years.

NEW YORK (AP) -- Ford Motor Co. has announced a $250 million investment to develop and produce a new vehicle in Argentina over the next two years.

The automaker, based in Detroit, said Wednesday that the investment will also fund upgrades and improvements at its plant in Argentina, which will manufacture the new vehicle for Ford's Latin America markets.

Ford shares fell 19 cents to $12.39 in early trading Thursday.

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