Stellantis continues its expansion plan and announces the details of Fiat's landing in Algeria. It goes like this; to materialize the agreement signed in November 2022 with the Algerian Investment Promotion Agency which ratifies the framework agreement signed on October 13, which in turn has given way to the development of investment activities. industrial, after-sales and spare parts for Fiat.
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Specifically, starting starting tomorrow March 21, Stellantis will introduce; in this market 6 models of the Italian car manufacturer: Fiat 500 Hybrid, Fiat 500X, Fiat Tipo, Fiat Doblò, Fiat Scudo and Fiat Ducato. In addition, in Algeria it will be; a factory was built where 4 Fiat models will be produced.
The first series of investments by Stellantis and its suppliers for the production of the four models will amount to; to over 200 million euros. The construction phase of the Tafraoui-Orano plant will be completed by August 2023 and production of the first Fiat 500 Hybrid has been completed. scheduled for the end of 2023. Obviously, the factory will be; very important for the local economy since it will go to create nearly 2,000 new jobs. Once fully operational, 90,000 vehicles a year will leave the plant.
Today, Algeria represents one of the key drivers of Stellantis' Dare Forward 2030 strategic plan for the Middle East and Africa (MEA). The launch of the Fiat brand will open up the the way to realize Stellantis MEA's ambition of reaching one million vehicles sold in the region by 2030 with a regional production autonomy of 70% and thus approaching customer needs.
To guarantee a high level of assistance to Algerian customers, the sales and after-sales network will cover the following countries: 28 "provinces" of Algeria (Wilaya) by the end of 2023. Olivier François, CEO of the Fiat brand, commented:
We celebrate the return to Algeria of FIAT: an iconic brand with one of the five most important automotive traditions in the world. long-lived in the world. Since 1899 the mission of our brand has not been; Changed: Providing accessible and intelligent answers to the mobility needs of the world. of each customer. The 500 Hybrid will be the first FIAT to be built in Algeria, followed quickly by the Doblò and, in a few years, also from a brand new model (currently still in the hands of our designers). But already; today we are opening orders for the 500 Hybrid and for the two “stars for the family”, the Tipo and the 500X, and for our “stars of the LCV world.”
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