Reuters — 2024-09-05
Automotive Industry
Stellantis to invest $385 m in Argentine plant.
At an online press conference to disclose news on the automaker's operations in South America, Cappellano also gave updates on Stellantis' first hybrid-flex vehicles, to be launched in Brazil, where the remaining resources of its South America plan will go to.
He said the company expects to launch this year the two vehicles, which can run on 100% ethanol or gasoline alongside batteries.
On Wednesday, 4 September 2024, rival General Motors also unveiled it would begin producing its first-ever hybrid-flex in Brazil.
The Latin American nation has been seeing a growing interest of global automakers in producing hybrid-flex cars in the country, where most cars can run on 100% biofuel made from sugarcane or corn due to the strength of its large ethanol industry.