financetom
Business
financetom
/
Business
/
Italy must be key part of Stellantis' plans, industry minister says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Italy must be key part of Stellantis' plans, industry minister says
Dec 14, 2024 4:23 AM

ROME (Reuters) - Italy expects to be a central part of Stellantis' ( STLA ) future strategy and wants the Fiat automaker to safeguard the factories on its territory, Industry Minister Adolfo Urso said on Saturday.

"There must be an assertive Italy plan within Stellantis' ( STLA ) industrial plan that protects national factories," Urso told an event in Rome ahead of a key meeting on the Italian automotive industry on Dec. 17, also involving trade unions.

After the abrupt resignation of Carlos Tavares as CEO earlier this month, Rome hopes to fix its strained relations with the carmaker, whose brands also include Alfa Romeo.

Italian politicians repeatedly accused Tavares of neglecting historic manufacturing sites and moving production abroad.

"There's no more Tavares, he didn't understand the reality," Urso told an event of his Brothers of Italy party.

He said they understood that things had changed when Stellantis ( STLA ) Chairman John Elkann called Prime Minister Giorgia Meloni to inform her of the CEO's departure.

Urso said the government wanted Stellantis ( STLA ) to pledge "significant financial resources" to ensure Italy kept a competitive auto industry.

Giuseppe Manca, the head of human resources and industrial relations for Stellantis ( STLA ) in Italy, joined Urso on the panel dedicated to the auto sector and said he hoped "good news" could come out of the meeting planned for Tuesday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Walt Disney Company Shares Fall On Monday: What You Need To Know
Walt Disney Company Shares Fall On Monday: What You Need To Know
Oct 7, 2024
Shares of The Walt Disney Company ( DIS ) are trading lower Monday as Floridians face evacuation orders due to the approaching Category 5 Hurricane Milton. The state is still in the process of recovering from the damage left by Hurricane Helene just two weeks earlier. Walt Disney World in Orlando, owned by The Walt Disney Company ( DIS ),...
Community Health, Denim Health Collaborate to Implement Conversational AI in Patient Access Center
Community Health, Denim Health Collaborate to Implement Conversational AI in Patient Access Center
Oct 7, 2024
05:46 PM EDT, 10/07/2024 (MT Newswires) -- Community Health Systems ( CYH ) and Denim Health said late Monday they have formed a partnership to implement conversational artificial intelligence in the Community Health Systems Patient Access Center. The technology is initially being used to authenticate the identity of callers and gather more information to assist agents before transferring callers to...
Perseus Buys Honeywell's Global License, OptiVision, For Undisclosed Sum
Perseus Buys Honeywell's Global License, OptiVision, For Undisclosed Sum
Oct 7, 2024
02:56 PM EDT, 10/07/2024 (MT Newswires) -- Perseus Group, an operating group of Constellation Software ( CNSWF ) , announced Monday that it has completed the purchase of Honeywell's exclusive global license OptiVision for the pulp and paper industry. Monday's announcement didn't provide any financial details. A statement did note that OptiVision is a cash management system for order management,...
CNH Industrial Prices $500 Million in Notes
CNH Industrial Prices $500 Million in Notes
Oct 7, 2024
05:46 PM EDT, 10/07/2024 (MT Newswires) -- CNH Industrial ( CNH ) said Monday its CNH Industrial Capital unit priced $500 million of 4.50% notes due 2027 at 99.809% The offering is expected to close Tuesday. Net proceeds will be used for working capital and general corporate purposes, among other things, the company said. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved