Stellantis NV will invest 3 billion rand ($160 million) to develop a new vehicle manufacturing facility in South Africa with the country’s Industrial Development Corp. and the Department of Trade, Industry and Competition.
will invest 3 billion rand to develop a new vehicle manufacturing facility in South Africa with the country’s Industrial Development Corp. and the Department of Trade, Industry and Competition.
The owner of brands such as Alfa Romeo, Chrysler and Jeep first signed a memorandum of understanding with South Africa’s government in March. The project was finalized on Wednesday at a meeting attended by Stellantis Middle East and Africa Chief Operating Officer
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