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Fiat owner Stellantis launches upbeat plan to boost manufacturing in Italy

Fiat owner Stellantis launches upbeat plan to boost manufacturing in Italy


Published on 2024-12-17 15:01:31 - Reuters
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  • Fiat-maker Stellantis on Tuesday presented an upbeat plan to revitalise its output in Italy, aimed at drawing a line under months of fraught relations with the government, but with production only set to grow from 2026.

Stellantis, the automotive group formed by the merger of Fiat Chrysler and PSA Peugeot, plans to manufacture a new mass-market model in Italy, according to sources cited by Reuters on December 17, 2024. This decision comes as part of the company's strategy to utilize its Italian plants more effectively, amidst ongoing discussions about the future of car manufacturing in Italy. The new model, details of which remain undisclosed, is expected to help bolster production at one of Stellantis' Italian facilities, potentially addressing concerns about job security and the economic impact on regions dependent on automotive manufacturing. This move also reflects Stellantis' broader commitment to its Italian operations, despite previous considerations of shifting production to lower-cost countries.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/stellantis-manufacture-new-mass-market-model-italy-sources-say-2024-12-17/ ]
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