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Stellantis invests €200m in Fiat car production in Algeria By Reuters – Worlds News Dock
Finance

Stellantis invests €200m in Fiat car production in Algeria By Reuters

© Reuters. FILE PHOTO: The Stellantis logo is seen on a company building in Velizy-Villacoublay near Paris, France on February 1, 2022. REUTERS/Gonzalo Fuentes/File Photo

PARIS (Reuters) – Carmaker Stellantis will spend more than 200 million euros ($213.32 million) to build four Fiat models in Algeria, the company said on Sunday.

The plant will be completed by August, with the first Fiat 500 expected by the end of the year.

By 2026, the plant will create about 2,000 local jobs and have a production capacity of 90,000 vehicles per year.

($1 = €0.9376)

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