(Special envoy to Córdoba).- Stellantis announced the investment of US$385 million for the development of a new family of vehiclesnew components and a new engine, in its plan Global Dare Forward 2030 with new projects for the country.
The sum announced this Thursday at its plant Ferreyra, Cordoba, represents the largest outlay of the Argentine automotive industry so far this year. An investment destined directly to the Polo Stellantis Cordobaa key center for the strategic development of the brand in South America.
“Today we are proud to announce this new investment that will directly contribute to our beloved Polo Stellantis Cordobaa key center for the strategic development of Stellantis in “South America,” said Emanuele Cappellano, President of Stellantis South America to a small group of journalists, including Scope. “The numbers support that Stellantis invests in sustainable projects that later become successful products valued by our clients. That is why we continue to invest in Argentina from the region,” he concluded.
Stellantis has two production plants in the country, prepared to develop and produce automobiles for the region. In the Cordoba Polo The best-selling car of the last three years in the Argentine market is produced, the Fiat Cronoswhich is also one of the most exported to the region and especially to Brazil.
In that sense, Cappellano and the president of Stellantis in the country, Martín Zuppiwho joined via videoconference from Londonclarified that the new models will be integrated into the production of the Cronos. “He Cronos It is the best-selling vehicle in Argentina in the last three years and remains the leader in 2024. Also, the best-selling Argentine car in Brazil. Its future production is not only related to the Argentine market but also to the major buyer that is the Brazilian market,” Capellano stressed.
“Cronos will continue with its own production. It is an extremely representative product in the Argentina. It continues to lead the market; it continues to be exported to Brazil. There are no planned changes for Cronos,” he stressed. Zuppi.
As for production, the company said that about 75,000 units of the model will be made, 20% less than in 2023, he said. ZuppiHe added: “The projection for 2025 is that, with these investments that we are announcing, there will be a return to production. They will surely improve the sustainability of the plant and the volumes.”
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In turn, the president of Adefa He added that “the local industry has an installed capacity of more than 1.2 million cars. Argentina produced 600,000 last year and will be 500,000 this year“If Argentina is competitive, with a tax burden more in line with other parts of the region and the world, it will be an important hub for production and export.”
Although they clarified that new jobs will be created, with a 50% female presence, they did not provide precise data on how many will be added to the already 1,099 people who perform their duties at the plant.
Meanwhile, they clarified that the headquarters located in Ferreyra produces 162,000 vehicles a year, and the new line would require 50,000.
Stellantis announced an investment of US$385 million to produce new models in Córdoba
This new investment of US$385 million will involve the development of a new family of vehicles, new components and a new engine. “Of course, it involves hiring the necessary staff, which we ensure is available. 50% will be women, in line with the company’s commitment to gender diversity,” the firm said.
The sustainability of these three developments will be accompanied by the use of renewable energy for all production processes. CordovaThe new projects were designed to have a high export volume, taking national production to various markets.
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In this context, the Governor of the province of Córdoba, Martín Llaryora, He celebrated the investment and exclaimed: “We are very happy. The Brazilians and we play together, because bringing the effort that is needed to bring these projects and export them to the whole world is a lot.”
“This week, Argentina is celebrating Industry Day, and it is worth remembering that Córdoba has been actively involved for 40 years, being the productive engine of the Argentine industry. That is why the fact that Stellantis’ investment is coming in this very special week fills us with pride and hope, at such a difficult time for the country,” he added.
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This announcement also includes the establishment of the strategic supplier South American in it Polo Stellantis Cordobaa landing that will allow us to continue in line with the objective of ensuring that the vehicles produced by the brand have the most national content among the different automotive manufacturers.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
