The Stellantis group has earmarked 6 billion dollars, equivalent to 40 billion kroner, for new internal combustion engines. The engines will be used in over 40 new cars.
The internal combustion engine may not be quite as dead as some would like it to be. And now the world's fourth largest car group, Stellantis, is ready for further investments in the technology.
As much as 6 billion dollars, equivalent to 40 billion kroner, is now being thrown into the development of new internal combustion engines. Something that Stellantis will develop in South America.
The investment is already being called the largest of its kind in the continent's automotive industry. And it is intended that the new engines will be in as many as 40 new cars.
The group writes this in a press release .
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The new engines must all be so-called flex-fuel engines. This means that they will not only be able to run on diesel or petrol, but also on ethanol.
Stellantis will even spend money on hybrid and plug-in hybrid solutions, so that the owners of the new cars can ultimately get even longer per litre.
The world's fourth largest car group has said that the money must be spent in Brazil over a period of five years between 2025 and 2030. However, Stellantis is not alone in still keeping faith in the internal combustion engine.
At Toyota, it has long been said that money must be spent on new internal combustion engines. The Japanese are also trying to burn hydrogen.
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And at Porsche, which has been 'brewing' synthetic petrol at a factory in Chile since 2022, economic director Lutz Meschke does not believe that the EU will stick to a planned ban on the internal combustion engine. Read more about it here.
At BMW, they do not want to put any expiration date on the combustion engine at all. And at Ford, the managing director recently said that they will stick to the fact that a Mustang has a V8 engine and runs on petrol: "If we are to be the last to do it".
