Stellantis plans $385M investment in Argentine manufacturing plant

Stellantis is set to invest $385 million in its Argentine manufacturing plant to increase production capabilities and strengthen its operations in the region. The investment aligns with the company's global expansion plans, aiming to enhance the local automotive market while supporting job creation and innovation. This move further solidifies Stellantis’ commitment to growth in South America.

Automaker Stellantis (STLAM.MI) announced plans to invest $385 million in its Cordoba plant in Argentina between 2025 and 2030, according to Emanuele Cappellano, the head of its South America division. The investment is part of the company’s larger 5.6 billion euro ($6.22 billion) allocation for the region, aimed at launching a new vehicle and engine line, though no additional details were provided.

During an online press conference discussing Stellantis' South American operations, Cappellano also mentioned the upcoming launch of the company’s first hybrid-flex vehicles in Brazil, where the remainder of the regional investment will be directed. These vehicles, set to debut this year, will be capable of running on 100% ethanol or gasoline in addition to battery power.

General Motors (GM.N) also revealed plans to begin production of its first hybrid-flex vehicle in Brazil, as global automakers increase their focus on hybrid-flex cars in the country, which benefits from a robust ethanol industry that supports cars running on biofuel from sugarcane and corn.

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Source: Reuters‍