Fiat Chrysler to invest $4B to regain lost share in Brazil

Fiat Chrysler Automobiles is bringing new models to Brazil and expanding production at two local factories as part of a 16 billion reais ($4 billion) plan to regain lost market share in Latin America’s biggest economy, CEO Mike Manley said.

FCA increased its investment plan for Latin America by 2 billion reais through 2024, though it extended the time frame of outlays first announced in June by a year.


By Gabrielle Coppola, Vinicius Andrade and Leonardo Lara via Automotive News Europe


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