BRASILIA, March 6 (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.
Other automakers, such as GM, Volkswagen,
Hyundai, and Toyota ( TM ) had already announced
investments in the country.
Among Stellantis' ( STLA ) plans for Latin America's largest economy
is adding electrification technology to its flex-fuel models,
which run both on gasoline and ethanol, Chief Executive Carlos
Tavares said in a press conference.
The company's next launch is scheduled for the second half
of the year and will be a hybrid vehicle, he said.
($1 = 4.9386 reais)