Toyota, GM and Volkswagen join in movement against owner of Fiat and Jeep

The tax reform will impact vehicle production in Brazil, but one of the automakers is benefiting more than the others. However, something rare is happening, as three of them came together against the benefits that the owner of Fiat and Jeep will receive.

Stellantis Factory in Goiana – (PE) – owner of Fiat and Jeep – Photo: Disclosure

Jeep owner will benefit from tax reform

Excerpts from the tax reform that has not yet been voted on benefit the Stellantis Group, a conglomerate that owns brands such as Fiat, Jeep, Citroën, Peugeot, Abarath, Ram, among others.

This is because, according to the text, car manufacturers that have established themselves (or will be established in the future) in the regions North, Northeast and Central-West will have tax exemptions until 2032.

So far so good, after all, manufacturers here already have ICMS and IPI exemptions, which significantly reduces production costs. Although, Only Stellantis among the giants has a factory in the Northeast, more precisely in the city of Goiana (PE).

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source: Terra

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