Stellantis Expands to Algeria with Fiat Sales, Manufacturing
20 Mars 2023 - 12:10PM
Dow Jones News
By David Sachs
Stellantis NV said it and suppliers will invest 200 million
euros ($213.4 million) in Algeria as it plans to offer Fiat models
there starting Tuesday and will begin manufacturing later this
year.
The Netherlands-based car giant said Sunday that it plans a
footprint in the North African country that includes the sale of
six models and the production of four, beginning with the Fiat 500
hybrid at the end of the year. Its manufacturing plant will open in
Tafraoui in August, with the first cars leaving the line in
December, the car maker said.
By 2026, the company plans to produce up to 90,000 vehicles a
year over four different models. The auto maker said it aims to
sell 1 million vehicles in the region by 2030 and create a strong
sales and after-sales commercial network.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
March 20, 2023 06:55 ET (10:55 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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