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Scania to invest $367 million in Brazil from 2025 to 2028
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Scania to invest $367 million in Brazil from 2025 to 2028
Jun 20, 2024 1:19 PM

SAO PAULO, June 20 (Reuters) - Truckmaker Scania said on

Thursday that it plans to invest 2 billion reais ($367.4

million) in Brazil from 2025 to 2028, a 43% increase in

investments in Latin America's largest economy compared to its

previous investment cycle.

Scania is the latest automaker to unveil plans to boost

investments in Brazil this year, following companies such as

Toyota ( TM )

,

Volkswagen

and

General Motors ( GM )

.

The Swedish truckmaker said in a statement that the new

investment puts it on the path to decarbonize its logistics and

transport ecosystems, without giving further details.

From 2021 to 2024, Scania injected 1.4 billion reais

into Brazil.

($1 = 5.4437 reais)

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