Peak Hours News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Stock

Italy ready to work with Stellantis if jobs and plants are preserved, Meloni says

by December 15, 2024
written by December 15, 2024

ROME (Reuters) – The Italian government is willing to work with Stellantis NV (NYSE:STLA) on the carmaker’s future strategy provided it keeps jobs and factories in the country, Prime Minister Giorgia Meloni said on Sunday.

“We evaluate the economic cases on their own merits,” Meloni told an event of her Brothers of Italy party in Rome ahead of a Dec. 17 meeting on the Italian automotive industry, which will involve Industry Minister Adolfo Urso, the automaker’s representatives and local unions.

“This is as true for Stellantis as it is for any other company operating in Italy. If the approach is constructive, if there is a willingness to maintain factories and jobs, we will be ready to do our part.”

After the abrupt resignation of Carlos Tavares as CEO this month, Rome hopes to repair its strained relations with the carmaker, which has 14 brands including Jeep, Ram, Fiat (BIT:STLAM) and Peugeot (OTC:PUGOY).

Italian politicians repeatedly accused Tavares of neglecting historic manufacturing sites and moving production abroad.

This post appeared first on investing.com

0 comment
0
FacebookTwitterPinterestEmail

previous post
Kroger and Albertsons are spending billions to reward shareholders after their blocked merger
next post
Israel stocks lower at close of trade; TA 35 down 0.79%

You may also like

Adani, Ambani news units sue OpenAI over copyright,...

January 27, 2025

China’s DeepSeek sets off AI market rout

January 27, 2025

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025
Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.









    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      November 5, 2025
    • Yum Brands begins strategic review for struggling Pizza Hut chain

      November 5, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      November 4, 2025
    • Kimberly-Clark to buy Kenvue in $48.7 billion deal

      November 4, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      November 3, 2025

    Categories

    • Economy (651)
    • Editor's Pick (10)
    • Investing (1,033)
    • Stock (798)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: peakhoursnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Back To Top
    Peak Hours News
    • Investing
    • Stock
    • Economy
    • Editor’s Pick