09:08 AM EDT, 10/01/2024 (MT Newswires) -- Stellantis' ( STLA ) chief executive officer, Carlos Tavares, will speak to an Italian parliamentary committee on Oct. 11 about the company's manufacturing in the country, Reuters reported Tuesday, citing a company statement.

The CEO will "provide the most exhaustive picture of the group's automotive production in Italy," the report said, quoting the statement.

"The complex international and European situation of the automotive sector requires rapid responses," the statement added.

The carmaker also informed trade unions that the EV sector in Europe is in deep trouble, the report said, citing Stellantis ( STLA ).

Stellantis ( STLA ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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