Italian Prime Minister Giorgia Meloni is pushing for the creation of Italian champions in various industries, including cars and energy, to boost the country's corporate presence. However, a capital-markets bill proposed by her government may have unintended consequences. A conflict has emerged between Meloni and Stellantis CEO Carlos Tavares over the use of surplus plants in Europe as leverage, highlighting the shift of European automakers into global players exploiting the EU's car factory overcapacity.
Stellantis Uses Surplus Plants In Europe As Leverage In A Fight With Rome - Investing https://t.co/v7axecLjcT
A recent war of words between Italian Prime Minister Giorgia Meloni and Stellantis CEO Carlos Tavares has exposed a tough new reality: Europe's one-time homegrown automakers have become global players ready to exploit the EU's overcapacity of car factories https://t.co/sZW94HFO5W
Focus: Stellantis uses surplus plants in Europe as leverage in a fight with Rome https://t.co/97T54Y1Yxl https://t.co/AC2WTFZub2
⚠️ STELLANTIS USES SURPLUS PLANTS IN EUROPE AS LEVERAGE IN A FIGHT WITH ROME (Reuters) A recent war of words between Italian Prime Minister Giorgia Meloni and Stellantis CEO Carlos Tavares has exposed a tough new reality: Europe's one-time homegrown national automakers have… https://t.co/fpPaCYVSYm
Giorgia Meloni’s right-wing government wants to recreate Italian champions in industries from cars and energy to food and fashion. But her new capital-markets bill could have the opposite effect: https://t.co/a5VzNHxVSH 👇
Corporate Italy punches below the country’s signature braggadocio. The entire Italian stockmarket is worth less than $860bn. This irks the prime minister, Giorgia Meloni https://t.co/xI4C42nFaE 👇