Toyota to Invest $1.34 Billion in Argentina Production Plant
The plant is expected to generate $1.28 billion in annual exports and create more than 2,600 jobs, Caputo said.
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The Japanese assembler Toyota Motor will invest US$ 1.34 billion to build a factory in Argentina, said on Wednesday (30) the country's minister of economy, Luis Caputo. The new factory, in Zárate, province of Buenos Aires, will produce a fully electric vehicle, said Caputo, and must generate US$ 1.28 billion in annual exports. According to the Argentine minister, more than 2,600 jobs must be generated in the operational phase of the manufacturin…
70% of the production will be for export. They project sales of US$ 1,280 million annually. They will be produced at the plant in Zárate. The final investment decision must still be approved by the company.
Luis Caputo, Minister of Economy, confirmed the approval of the automotive entry to the RIGI; as anticipated by LA NACION, the project would focus on the production of the new generation of Hilux; foreign sales are expected for $1280 and 2,600 new jobs
Toyota to invest $1.34 billion in Argentina production plant
Sept 30 : Automaker Toyota Motor will invest $1.34 billion to develop a production plant in Argentina, Economy Minister Luis Caputo said on Wednesday.The plant will produce a fully electric vehicle, Caputo said, and is expected to generate $1.28 billion in annual exports and create over 2,600 jobs during its
Channel C Toyota's historic investment in Argentina: it will manufacture the electric Hilux and create 6,000 jobs The Japanese automaker will spend more than $1.3 billion to build a new plant in Zárate. It is the first company in the sector to join the RIGI. Toyota's historical investment publication in Argentina: it will manufacture the electric Hilux and create 6,000 jobs appeared for the first time in Canal C
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