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Fiat Pledges to Invest R$16 Billion in Brazil in Next Five Years

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s president Jair Bolsonaro celebrated this week the announcement by Fiat-Chrysler that it would invest R$16 billion in Brazil by 2024. According to the president, this is the "largest investment cycle in the company's history in our country".

"We are bringing back the confidence of those who produce!" tweeted the president.

The president noted that the new investments should generate sixteen thousand new direct and indirect jobs.

On Thursday morning, Bolsonaro and Economy Minister, Paulo Guedes, met with Fiat Chrysler Automobiles’ Global President, John Elkann, and . . .

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