Ambev Stock – Brazil’s Ambev plans to add 1,600 electric trucks to fleet

SAO PAULO (Reuters) – Brazilian beer maker Ambev plans to add 1,600 Volkswagen VOWG_p.DE electric trucks to its fleet, making it the largest fleet of its kind in Brazil, and which would be exempt from new fixed minimum freight fares for diesel truckers. Ambev said ownership of the vehicles, which will replace older trucks, will be with 20 logistics companies that distribute Ambev’s products. It declined to name the companies. Roberto Cortes, Chief Executive of Volkswagen’s bus and trucks operation in Brazil, told Reuters that negotiations with Ambev had long preceded the new policy, which came into effect this month. The timing was “pure coincidence,” he said, though he acknowledged the rule could lead clients to rethink their fleets. Ambev’s plan, which had not yet been firmed up, follows a truckers strike in May that severely hampered the flow of food, fuel and key exports for nearly two weeks and forced the government to promise changes.

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