ROME, Oct 10 (Reuters) - Italy's ruling parties called
on the government to summon senior Stellantis ( STLA ) management to
clarify their plans for the country, a request which could
increase friction between Rome and the Fiat automaker, a
document seen by Reuters on Thursday showed.
The request comes as Stellantis ( STLA ) CEO Carlos Tavares faces
pressure to revive the group's results, after a profit warning
it announced last week and a forecast for a cash burn of up to
10 billion euros ($10.9 billion) in the full-year 2024.
Politicians in Italy have repeatedly criticised Stellantis ( STLA ),
whose other brands include Alfa Romeo, for its falling
automotive production in the country.
The document from the ruling coalition parties, which
includes several requests to the government for information
about the state of the national automotive industry, also calls
for Stellantis ( STLA ) to provide precise figures about job cuts at its
Italian plants through voluntary redundancy.
Stellantis ( STLA ) was not available for comment.
Tavares is already due to appear on Friday before the
Economic Activities Committee of the Italian parliament in Rome
to discuss the country's automotive industry.
The company's output in Italy is expected to fall below
500,000 vehicles this year, from 751,000 in 2023 due to a mix of
soft market demand, especially for electric vehicles and factory
reconfiguration before new model launches.
The automaker and the government have been discussing for
over a year a plan to restore national output to one million
units by the end of this decade, a level last reached in 2017,
but they never reached an agreement.
($1 = 0.9152 euros)