Stock Groups

Stellantis chairman says Turin is key for group’s manufacturing By Reuters


© Reuters. FILE PHOTO: Stellantis Chairman John Elkann symbolically rings a bell as shares in the merger between Fiat Chrysler and Peugeot maker PSA began being traded at the Italian stock exchange, in this still image taken from a video, in Milan, Italy, January 18

TURIN (Reuters) – Stellantis chairman said on Wednesday production in Italy was key to the carmaker, responding to criticism that manufacturing in the country was becoming less important after the merger between Fiat Chrysler and PSA that created the group.

John Elkann stated that Stellantis invested 2.35 billion euros in Turin for full-electric vehicles, including the BEV 500 and hybrid models. He also mentioned innovative projects such as the smart-grid charging infrastructure.

This investment is an “important sign that we do not believe only in the men and women who work in Turin, but in the whole of the automotive district in the city,” he said.

($1 = 0.8522 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. However, market makers provide accurate prices. This means that prices might not reflect the market. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Banner 3

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.