Overview

• Economy Minister Luis Caputo has publicly warned Stellantis against proceeding with a rumored 3.5% price hike for Peugeot, Fiat, and Citroën vehicles starting in May.
• Caputo stated that such an increase would break the trust established between the government and the automotive industry, pledging to use regulatory tools to protect consumers if necessary.
• Stellantis has denied confirming any price adjustments for May, noting that official updates are typically announced after the 5th of each month.
• The warning follows Volkswagen’s decision earlier in April to reverse a 3% price increase under government pressure, highlighting heightened scrutiny in the sector.
• Automakers are navigating pricing strategies cautiously under a volatile exchange rate system introduced after the removal of currency controls.