Honda to invest $808 million in Brazil by 2030
BRASILIA :Japanese automaker Honda will make investments 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030, an executive talked about on Friday, adding the company targets to plan a hybrid-flex car within the South American country.
Honda’s announcement is the most modern in a series of recent investments by automakers much like Volkswagen, General Motors, Stellantis and Toyota in Brazil.
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In maintaining with Brazil’s authorities, investments pledged by automakers within the country for the upcoming years already whole nearly 130 billion reais.
Honda’s commercial vice chairman in Brazil, Roberto Akiyama, talked about the firm’s investments would possibly perchance perchance well possibly be centered on recent applied sciences and the enchancment of a hybrid model for the Brazilian market, which would possibly perchance perchance well possibly be ready to hurry 100 per cent on ethanol.
The company, he told journalists, expects to create as many as 150,000 vehicles per year at the Itirapina plant by 2030, up from 100,000 this year, for every gross sales within the home market and exports.
To boot to to the hybrid-flex car but to be developed, Akiyama talked about Honda also plans to open a recent entry-stage SUV within the Brazilian market in 2025.
His remarks note a assembly with President Luiz Inacio Lula da Silva in Brasilia.
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($1 = 5.1997 reais)
Source: Reuters
