Stellantis Announces €5.6 Billion Investment in South America, Marking the Largest Investment in the Region’s Automotive Industry
Retrieved on:
Wednesday, March 6, 2024
“This announcement solidifies our trust and commitment in the future of the South American automotive industry and is a response to the favorable business environment here,” said Stellantis CEO Carlos Tavares.
Key Points:
- “This announcement solidifies our trust and commitment in the future of the South American automotive industry and is a response to the favorable business environment here,” said Stellantis CEO Carlos Tavares.
- The Stellantis facility in Betim, Brazil is the Company’s global center of expertise for Bio-Hybrid technology, continuing its legacy of innovation.
- Stellantis is the leader in the three main markets in South America: Brazil, Argentina, and Chile.
- With this investment, Stellantis will be increasingly prepared to design, develop, and produce modern cars in the region, while also expanding its business.