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
Read full article here