Auto Giants Fuel Brazil's Green Transition With Billion-Dollar Bets
BYDDYBYD(BYDDY) Zacks Investment Research·2024-03-07 22:31

As Brazil steps on the gas to decarbonize the national fleet, auto giants are rapidly taking notice and making massive investment plans for the country. The most recent announcements have come from Stellantis (STLA) and Toyota (TM) . Just yesterday, Stellantis announced plans to invest 30 billion reais (more than 6billion)inBrazilbetween2025and2030todevelopflexhybridvehicles.Thedaybeforeyesterday,Toyotaconfirmedan11billionreais(morethan6 billion) in Brazil between 2025 and 2030 to develop flex-hybrid vehicles. The day before yesterday, Toyota confirmed an 11 billion reais (more than 2 billion) investment in the country through ...