Toyota approves first RIGI project for hybrid car plant in Argentina, USD 1.34B investment

Toyota will build a third production plant in Zárate, Argentina, to manufacture a non-plug-in hybrid vehicle, under the country's Large Investment Incentive Regime (RIGI). This is the first RIGI project approved for the automotive sector, signaling a shift in Argentina's investment climate. The investment boosts local manufacturing and export potential, but execution risks remain given Argentina's macroeconomic volatility.

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