03:14 PM EST, 12/17/2024 (MT Newswires) -- Stellantis ( STLA ) will boost Italian operations with an investment of 8 billion euros ($8.39 billion) next year, the Associated Press reported Tuesday, citing a statement by Jean Philippe Imparato, the head of the company's European business, to a government panel.

The investment will be split between 2 billion euros for production and 6 billion euros for the supply chain, Imparato reportedly said.

Stellantis' ( STLA ) six Italian auto manufacturing plants will increase production from 2026, the company's media office told AP News.

Imparato also said that Stellantis' ( STLA ) six Italian auto manufacturing plants will increase production from 2026, with the launch of more than a dozen new models through 2032, according to Stellantis' ( STLA ) media office.

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

Shares of Stellantis ( STLA ) were up 1.3% in recent trading.

(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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