Stellantis invests 200 million euros to supply Fiat vehicles in Algeria By Reuters

© Reuters. FILE PHOTO: The emblem of Stellantis is seen on an organization’s constructing in Velizy-Villacoublay close to Paris, France, February 1, 2022. REUTERS/Gonzalo Fuentes/File Picture

PARIS (Reuters) – Carmaker Stellantis will spend greater than 200 million euros ($213.32 million) to fabricate 4 Fiat fashions in Algeria, it stated on Sunday.

Building of the plant will probably be accomplished by August with manufacturing of the the primary Fiat 500 anticipated by the tip of the yr, it stated.

By 2026 the plant could have created practically 2,000 native jobs and have manufacturing capability of 90,000 autos a yr.

($1 = 0.9376 euros)

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