Stellantis has resolved its ongoing tensions with the Italian government, signaling a renewed commitment to the country’s automotive sector with a significant investment. This announcement, coming just two weeks after the departure of former CEO Carlos Tavares, includes a €2 billion ($2.1 billion) commitment to Italian production and the introduction of several new models.
During a recent meeting with Italian Industry Minister Adolfo Urso and trade union representatives, Stellantis executives, including Chairman John Elkann, confirmed that all Italian plants would remain operational. The automaker reaffirmed its dedication to Italy, pledging the investment in local production for 2024.
New Models and Plant Updates
Alfa Romeo: According to the automaker, the Cassino plant will see significant activity by introducing three new models, including the next-generation Alfa Romeo Stelvio and a 2026 replacement for the iconic Giulia sports sedan. Both models will be available in electric and hybrid versions, signaling a strong push toward electrification. Additionally, the plant will produce a flagship Alfa Romeo model, though specifics remain undisclosed.
Compact and Electric Models: The Pomigliano D’Arco plant in southern Italy will begin producing at least two new compact models, utilizing Stellantis’ STLA Small platform. These models are expected to enter production in 2028. The factory will continue producing the Fiat Panda until 2030, after which a next-generation Panda model will replace it. The Melfi factory will also ramp up production, including electric and hybrid versions of the Jeep Compass, Lancia Gamma fastback, DS 7, and eventually the all-electric DS 8.
Mirafiori and Other Facilities: Stellantis has outlined plans for the Mirafiori plant, where production of a hybrid version of the Fiat 500 will begin in late 2025. This model will be produced at the site until at least 2032 or 2033. Additionally, the Mirafiori plant will see an increase in the production of electrified dual-clutch transmissions, ramping up from 600,000 to 900,000 units annually.
Jean-Philippe Imparato, Stellantis’ European chief, announced that the company will restructure the Maserati plant in Modena as its hub for high-end vehicles. At the same time, the Atessa facility will continue producing large electric vans, with a new generation set to launch in 2027.
Commitment to Italy’s Future
In addition to the production commitments, Imparato reassured Italian officials that Fiat’s headquarters would remain in Turin, though Stellantis’ fiscal base will stay in the Netherlands. The company also emphasized not seeking public funds for these planned investments.
The investment underscores Stellantis’ long-term strategy to continue its presence in Italy while adapting to the rapidly changing automotive landscape, particularly the shift toward electrification.
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Publish date : 2024-12-18 10:32:00
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The post Stellantis commits to Italy with multi-billion euro investment in EV expansion first appeared on Love Europe.
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Author : love-europe
Publish date : 2024-12-18 19:37:32
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