Stellantis announced investments of 5.6 billion euros (30 billion reais) in Brazil between 2025 and 2030, and the launch of 40 new products, strengthening the automotive group's hybrid vehicle platform.
This was announced in a press conference in Brasilia by the global CEO of Stellantis, Carlos Tavares, after a meeting with president Luiz Inacio Lula da Silva.
“This is the solidity of our confidence and commitment in the future of the South American automotive industry and is a response to the enabling environment we find here,” Tavares said.
Stellantis also plans an investment of 370 million euros (2 billion reais) in Argentina, the company's second largest market in South America. "Today we have to celebrate an important day for Stellantis in Brazil, but that doesn't mean we don't have plans for Argentina, where we are market leaders and have two very important factories," said the group's president for South America, Emanuele Cappellano, during a press conference in Brasilia.
Tavares has announced a commitment to increase production in Italy to one million vehicles a year, but government subsidies are needed to encourage the sale of electric vehicles for the middle class.
"Stellantis in Italy can produce one million vehicles a year, and it is in our interest to fully exploit this capacity. It is an objective already shared with the government", said Tavares in a press conference in Brasilia, responding to a question from 'HANDLE.
However, it was explained that for this to happen, there needs to be support for the purchase of electric vehicles for Italians, in a country where consumers have already demonstrated significant sensitivity to price.
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