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The Independent UK

National

Colleen Barry

Stellantis pledges invest $2.1 million in Italian production in 2025 during talks with government

Stellantis Italy

Italy-Stellantis - (LaPresse)

The Stellantis automaker will invest 2 billion euros ($2.1 billion) in Italian production next year and spend another 6 billion euros ($6.3 billion) in the supply chain, the head of European operations told a government panel on Tuesday.

Stellantis executives laid out prospects for Italian operations just weeks after the board forced former CEO Carlos Tavares to resign amid slumping sales. He is being replaced by an executive committee led by chairman John Elkann until a new CEO is named.

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