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Stellantis has R$30 billion for new cars in South America

The largest South American car manufacturer, which produces Fiat, Jeep, Citroën, Peugeot and Ram cars, announces record investments in the region

Stellantis has allocated 30 billion reais to invest in new cars in South America. The super-manufacturer – which produces vehicles in Brazil, Argentina and Uruguay – announced on Wednesday morning, the 6th, in Brasilia, its record investment for the region.

The announcement of the investment was made by Stellantis global CEO Carlos Tavares after a meeting with President Lula in Brasilia. Emanuele Cappellano, COO of Stellantis South America, will divide this money between factories in the region and between the Fiat, Jeep, Citroën, Peugeot and Ram brands, as well as other smaller operations, such as Abarth, Norauto and DPaschoal.

The investment of R$30 billion from 2025 to 2030 is the largest in the history of the South American automotive industry. According to Stellantis, 40 new products will be launched during the period, with a focus on bio-hybrid technology.

“This announcement consolidates our confidence and commitment to the future of the South American automotive industry and is a response to the favorable economic context we find here,” said Carlos Tavares.

“With this announcement we enter a new virtuous cycle for Brazil and the region,” added Emanuelle Cappellano. “Four global platforms will be deployed, associated with bio-hybrid technologies, more than 40 models, as well as eight new powertrains and electrification applications.”

Stellantis did not specify which 40 new cars will be produced in Brazil, Argentina and Uruguay by 2030. It is certain that the Fiat Titano pick-up, launched from the Nordex plant in Uruguay, will see its production moved to Argentina. The production of the Peugeot 2008 and those already released, the Fiat Cronos and the Peugeot 208, will also be made in Argentina.

Although the main focus is on biohybrid cars (lightweight, integral and plug-in), Stellantis will also produce its first electric car in Brazil by 2030, as this is part of the company’s global plan. It is very likely that Stellantis’ first electric car will be the Jeep Compass, although there are also rumors of the Ram Rampage and the Jeep Renegade (or its replacement).

Source: Terra

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