Argentina Admits a Millionaire Toyota Project to the Investment Incentive Regime
11 Articles
11 Articles
Argentina admits a millionaire Toyota project to the investment incentive regime
The company will pay more than $1.3 billion to manufacture electric vehicles. Toyota’s entry got the first automotive RIGI: it prepares a record investment was first published in #BorderJournalism.
The project contemplates the production of an electrified vehicle and plans to generate some 3,600 jobs during construction and another 2,600 in the operational phase. “It has a strong export profile,” said Luis Caputo.
The company pledged to invest US$1,341 million to sell about 70% abroad. Meanwhile, automotive production in general falls 17% in the accumulated year compared to 2025 and 19% below the levels of 2022.
The Japanese automaker received the green light of the first RIGI approved for an automobile. The project foresees a new plant, exports of $1.28 billion annually and more than 2,600 jobs during its operation.
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