Stellantis To Ramp Up Vehicle Production In Italy, Eyes One Million Vehicles
Portfolio Pulse from Shivani Kumaresan
Stellantis NV plans to expand vehicle production in Italy, aiming to increase annual output to one million vehicles. Negotiations with the Italian government, labor unions, and automotive groups will begin on Dec. 6 to discuss production targets, R&D, worker retraining, and supplier support. The success of the plan depends on government measures such as revising the Euro 7 emission regulation, EV incentives, charging network expansion, and energy cost reduction. Stellantis shares rose 0.99% to $20.43.
November 20, 2023 | 5:18 pm
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Stellantis NV aims to boost its Italian vehicle production to one million units, with negotiations involving the Italian government and other stakeholders starting Dec. 6. The company's stock price increased by 0.99% to $20.43.
The news of Stellantis's expansion plans in Italy and the upcoming negotiations with the government is likely to be viewed positively by investors, as it indicates potential growth and commitment to innovation and the EV market. The positive price action reflects investor optimism. However, the actual impact on the stock will depend on the outcomes of the negotiations and the government's willingness to support the automotive industry.
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