The rag has been burning lately between Stellantis and the Italian government. The latter accused the company, a merger of PSA and Fiat-Chrysler, of neglecting the country, for the benefit of France. When, at the same time, the firm led by Carlos Tavares accused Italy of turning its back on electricity.
In order to unblock the situation, the country’s government has just announced the establishment of financial incentives in 2024. 950 million euros will be invested, as part of a “automobile incentive plan”. Three priorities are highlighted: the transition to electric, the end of polluting cars and the increase in production in Italy.
Adolfo Urso, Minister of Business and Made in Italy, presented his plan in Rome. He faced the country’s industrialists and social partners. He spoke on this subject in a press release:
“We absolutely must change trajectory, compared to past years.” “If the trend does not change this year, despite the enormous resources we are devoting, we will reserve future resources from the automobile fund to support our sector and help establish new factories in our country.”
Victory for Stellantis?
This should encourage Stellantis to invest more in the country in the future. This even though the company manufactured more vehicles in Italy (685,000) than in France (678,000), in 2022. The fact remains that this is decreasing.
A trend that Adolfo Urso intends to stop. “Financial production in our country has declined significantly”, he recalled. This despite the “incentives” financial in particular, “which went mainly, up to 80%, to cars produced in foreign factories, including those of Stellantis”. He therefore intends to reduce production to one million units per year.
“We are (…) caught in a pincer movementanswers Carlos Tavares, in an interview with Challenges. We manufacture electric cars in Italy. But the government does not support the sale of these vehicles. However, when governments do not help or suspend aid, the market collapses (…) We are not toys in the political battles in Europe.”
Let us remember that, according to Adolfo Urso, the Italian automobile fleet is “one of the most dilapidated in Europe”. Currently, the electric car is not on the rise either. In France, Renault notably canceled the IPO of its subsidiary Ampère, dedicated to electric vehicles.
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To sum up
The Italian government announces new financial incentives for the purchase of electric cars. A way to convince Stellantis to invest more in the country, while the rag is burning between the executive and the company.
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