Exclusive outtakes from industry leaders
Inflation in Argentina worries Toyota
Investors are concerned about inflation and energy shortages in Argentina, where the red-hot economy has grown 8 percent a year for five years straight after a 2001-02 economic crisis.
“For us, inflation is a worrying issue,” said Anibal Borderes, president of Toyota Argentina, the local affiliate of Toyota Motor Co. ”I think it could be a key factor for anyone looking to export,” he told the Reuters Latin America Investment Summit in Buenos Aires.
“Energy supplies worry us too, but … there are plans in place to increase supplies and I expect they will begin to show results,” he said, referring to government energy initiatives.