Stellantis CEO Carlos Tavares is anticipating auto-industry consolidation and foresees intense competition in the electric vehicle market. Italian Prime Minister Giorgia Meloni has criticized Stellantis' efforts to relocate car production to lower-cost countries. The Italian government is willing to invest in Stellantis if requested, according to Industry Minister Adolfo Urso. Stellantis faces renewed criticism from the Italian government, with the possibility of the hard-right government buying a stake in the company.
Stellantis under renewed fire from Italian government https://t.co/H7NrP7m8wa https://t.co/2tjxOYehEV
Italy’s hard-right government may buy a stake in Stellantis https://t.co/RyGGpkH3LD
Italy could invest in Fiat maker Stellantis, minister says https://t.co/hiCNIsdD31 https://t.co/2kGVhjyvRk
⚠️ ITALIAN GOVT READY TO BUY STAKE IN STELLANTIS IF ASKED (Reuters) The Italian government would be prepared to buy a stake in carmaker Stellantis if the company asked it to do so, Industry Minister Adolfo Urso told reporters on Thursday. Urso also confirmed that Stellantis,… https://t.co/ISktWgPra3
In Italy, Stellantis boss Carlos Tavares is pushing back hard against Prime Minister Giorgia Meloni's criticism of the Fiat-owner's efforts to move car production to lower-cost countries https://t.co/Yzr9NCe41D
<3 Tavares 🔥🔥🔥 Stellantis CEO Carlos Tavares is gearing up for auto-industry consolidation, and predicts the rush to offer more affordable electric vehicles will end in a “bloodbath" https://t.co/fUdakHvu5i via @business https://t.co/BrNWWaMvfd