Stellantis to invest $6 billion in Brazil by 2030


FILE PHOTO: Stellantis logo is seen on the company's headquarters in Poissy near Paris, France, February 20, 2022. REUTERS/Gonzalo Fuentes/File Photo

BRASILIA (Reuters) - Carmaker Stellantis will invest 30 billion reais ($6.07 billion) in Brazil between 2025 and 2030, it said on Wednesday, aiming to launch new products and introduce hybrid-flex vehicles in the country.

The investment, announced shortly after a meeting between company executives and President Luiz Inacio Lula da Silva, comes as the government tries to reignite the country's industry.

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