Fiat will spend $US1.12bn in Brazil between 2006 and 2008. This includes about $200m included in the investment set aside for 2005/2007.
Go deeper with GlobalData
Fiat do Brasil said the money would be used to launch new models and technologies. This year it expects to spend $410m in this, the largest market outside Italy.
Fiat is developing a Brazilian version of the new Grande Punto hatchback plus a mid size sedan currently called Project D200. This will replace the Marea, still in production here. The new cars will be launched in 2007.
The investment announcement came as Fiat said it had made a net profit of $226m in Brazil after two years of losses –$170 million last year.
Revenue in 2005 rose 25% year on year to $5.79bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataRogério Louro
