I found this interesting article in the news today and thought it might answer some questions as to jobs."China's emerging carmaker Chery Automobile Co on Friday said it had agreed with Argentine industrial group Socma SA to assemble cars in Uruguay in May, its latest move to branch out abroad.
Chery, owned by the government of Wuhu city in the east, said that the two parties will form a joint venture in Uruguay to make Chery-branded cars with auto parts from China, Argentina and Brazil.
The Chinese company's deputy sales chief, Jin Yibo, told China Daily that it will hold a 51 percent stake in the venture, and Socma the remaining 49 percent.
The venture, with an initial investment of $10 million, will have an annual production capacity of 25, 000 cars next year, Jin said.
Chery said the venture will build two models - a Tiggo sports utility vehicle, the other has still to be decided.
"These vehicles will be sold mainly in Uruguay and Argentina, " Jin said"
This will probably mean a lot of new jobs will be coming open when this factory starts up.
