Stellantis plans €5.6bn ($6.1bn) investment in Brazil by 2030 for 40 new products and hybrid-flex vehicles, marking South America's largest auto industry investment.
Carmaker Stellantis plans to invest €5.6bn ($6.1bn) in Brazil by 2030, with the funds aiming to launch over 40 new products and introduce hybrid-flex vehicles, marking the largest investment in the history of the Brazilian and South American automotive industry. This move comes as part of Stellantis’ “third engine” growth strategy, with South America set to play a key role in accelerating the decarbonisation of mobility.
March 06, 2024
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