• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Toyota Argentina CEO explains to Japan the US$1.34 billion investment in Zárate

FinanceInternationalBloomberg Línea20 s readAI summary
Image: Bloomberg Línea

Gustavo Salinas, CEO of Toyota Argentina, described at a Lantia Capital event how he explained to Japan the largest investment in Argentine automotive history: a US$1.34 billion outlay in Zárate. Salinas recounted what the parent company told him in 1996 about why to invest in the country and what happened in 2001, and detailed which factors weighed this time in moving ahead with the investment.

Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

More flashes