Italy ready to work with Stellantis if jobs and plants are preserved, Meloni says

Investing
2024.12.15 15:55
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The Italian government, led by Prime Minister Giorgia Meloni, is open to collaborating with Stellantis NV on its future strategy, contingent on the preservation of jobs and factories in Italy. Meloni emphasized the importance of a constructive approach ahead of a meeting on the automotive industry scheduled for December 17, which will include industry officials and local unions. This comes after tensions with Stellantis following the resignation of CEO Carlos Tavares, amid concerns over the company's commitment to Italian manufacturing.

ROME (Reuters) - The Italian government is willing to work with Stellantis NV (NYSE:STLA) on the carmaker's future strategy provided it keeps jobs and factories in the country, Prime Minister Giorgia Meloni said on Sunday. "We evaluate the economic cases on their own merits," Meloni told an event of her Brothers of Italy party in Rome ahead of a Dec. 17 meeting on the Italian automotive industry, which will involve Industry Minister Adolfo Urso, the automaker's representatives and local unions. "This is as true for Stellantis as it is for any other company operating in Italy. If the approach is constructive, if there is a willingness to maintain factories and jobs, we will be ready to do our part." After the abrupt resignation of Carlos Tavares as CEO this month, Rome hopes to repair its strained relations with the carmaker, which has 14 brands including Jeep, Ram, Fiat (BIT:STLAM) and Peugeot (OTC:PUGOY). Italian politicians repeatedly accused Tavares of neglecting historic manufacturing sites and moving production abroad.
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