Antonio Filosa met today with the President of the Federative Republic of Brazil Luiz Inácio Lula da Silva to celebrate Fiat’s 50th anniversary in Brazil. The occasion marks five decades since the inauguration of the historic Betim Automotive Hub, in the State of Minas Gerais, and is part of an institutional dialogue aimed at highlighting the company’s role in the country over time. For the CEO of Stellantis, it was also his first meeting with Lula in his role as CEO of Stellantis, focused on the continuity of Fiat’s industrial journey and its deep-rooted presence in Brazilian territory.
Filosa meets Lula for Fiat’s 50th anniversary in Brazil
During the meeting, Filosa retraced the Turin brand’s growth path, highlighting the choice to localize production, invest, and develop together with Brazil. Furthermore, the CEO of Stellantis recalled the results achieved in terms of integration into the local industrial fabric, emphasizing the employment impact and the realization of qualified investments over a period of more than fifty years. And that’s not all, because Filosa also indicated that President Lula recognized the group’s contribution to Brazilian industrial progress and the strength of the entire national automotive sector.
Growth plan outlined
During the visit, Filosa updated Lula and the other institutional representatives present on Stellantis’ growth plans in Brazil. The discussion included the launch of the new Fiat Argo X, the first model planned for production at the Betim Automotive Hub, as part of the 32 billion Brazilian real investment plan that Stellantis intends to allocate to South America by 2030, with 14 billion real allocated to the Betim plant. Meanwhile, Fiat celebrates the anniversary by maintaining a leadership position in the Brazilian market: confirmed as the brand leader for the sixth consecutive year and Fiat Strada’s primacy for the sixth year in the pickup segment.
Click here to add Formula Passion as a favorite source on Google Discover: you’ll find our content more easily!
