Economy & Business - October 2026

ARGENTINA | Carmaker Toyota boosts investment in Argentina. Economy Minister Luis Caputo announced on 30 September that Japanese car manufacturer Toyota will invest US$1.34bn under the Argentinian government’s large investment incentive scheme (Rigi). Writing on social media, Caputo hailed this as the “largest investment in the history of Argentina’s automotive sector”. He said it will fund a new electric vehicle (EV) production facility in Zárate, Buenos Aires province. National daily Clarín has described the inclusion of Toyota’s project in the Rigi scheme as surprising, given that the initiative has so far been mainly focused on incentivising investment in the energy and mining sectors rather than the automotive industry.