Stellantis Announces $2.1 Billion Investment in Italian Operations for 2025
The automaker's plan includes new hybrid and electric models, expanded production, and a European headquarters in Turin.
- Stellantis will invest €2 billion ($2.1 billion) in Italian production in 2025 and €6 billion ($6.3 billion) in the supply chain, aiming to revitalize its operations in the country.
- The company plans to launch over a dozen new models by 2032, including hybrid and electric vehicles, while maintaining production at all Italian plants without requiring public funds.
- Turin will become Stellantis' European headquarters starting January 2025, addressing concerns about Italy's role in the automaker's post-merger structure.
- Key plants will see expanded production, including hybrid and electric Fiat, Jeep, Alfa Romeo, and DS models, with the Mirafiori complex focusing on electric powertrains and the Melfi plant tripling its output.
- Italy's government will provide €1.6 billion to support the automotive supply chain, but no funds will be allocated for new car purchase incentives in 2025.