News Companies auto industry 1004 19 December 2024
The group confirmed its intention to expand its industrial plan in the country
Stellantis Automotive Group has presented its plan for Italy. The company has pledged to invest €2 billion in Italian facilities in 2025, and €6 billion will be spent on purchases from regional suppliers. This is stated in the report of the Ministry of Enterprises and Production of Italy.
The automaker’s plan positions Italy as a focal point for Stellantis. It emphasizes the expansion of production of electric and hybrid models. It also confirms that employment levels will be maintained in line with the production investments that will be implemented.
“Even at a time of growing difficulties in the global automotive sector, the group has confirmed its intention to expand its industrial plan in Italy with its own resources, without any form of government stimulus,” MIMT and Stellantis said in a joint note.
The company’s strategy includes launching new models and increasing production from 2026. The statement was published following a meeting held in Rome between the automaker and trade unions. The company also presented its plan for each Italian plant.
In addition, it is a new way of managing suppliers in the country – a highly qualified person has been appointed to deal specifically with supplier relations. Since its inception, Stellantis has placed orders with Italian suppliers worth about €3 billion for new projects and purchased about €6 billion worth of goods from Italy per year.
Stellantis will participate in the ACEA (Association of European Automobile Manufacturers) to contribute to the creation of an appropriate plan for the industry together with national and European institutions.
As a reminder, European car manufacturers are facing difficulties this year due to high production costs, fierce competition and stagnant demand for electric vehicles in the main markets for these products.
As GMK Center reported earlier, production in the EU’s automotive industry will decline by 6.5% in 2024 compared to 2023. This forecast was published by the EUROFER steel producers’ association. In 2025, a moderate recovery of 1.9% y/y is expected in the sector. At the same time, the previous forecast for 2024 was -3% y/y, and for 2025 – +2.3% y/y.
