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Reading: Italy’s deputy PM says Stellantis CEO Carlos Tavares ought to be ‘ashamed and apologise’ for ‘mismanaging an historic Italian firm’
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Business

Italy’s deputy PM says Stellantis CEO Carlos Tavares ought to be ‘ashamed and apologise’ for ‘mismanaging an historic Italian firm’

Editorial Board
Editorial Board Published October 14, 2024
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Italian deputy prime minister Matteo Salvini fuelled tensions between the federal government and Stellantis Sunday, amid a row over car manufacturing prices and incentives in Italy.

Salvini’s far-right League occasion stated it will demand solutions in parliament about how a lot public cash the world’s fourth-largest carmaker has acquired and what number of employees have been laid off.

It adopted claims by Stellantis CEO Carlos Tavares Friday that producing automobiles in Italy was too costly because of vitality prices, and that better demand for electrical automobiles would solely come by daring incentives.

Salvini’s League stated it was “launching Operation Truth” in opposition to Stellantis.

It demanded to know “how much public money the group has collected over the years, how many Italian workers have been laid off or suspended, and how many factories have been opened abroad”.

On Saturday Salvini, who can also be transport minister, stated Tavares “should be ashamed and apologise” for “mismanaging an historic Italian company”.

Stellantis is the results of the merger in 2021 of France’s Peugeot-Citroen and Italian-American firm Fiat-Chrysler.

Tensions have been mounting for a number of months between the federal government of Prime Minister Giorgia Meloni and Stellantis, with Rome accusing the multinational of relocating its manufacturing to low-cost nations to the detriment of Italian factories.

The federal government in September determined to withdraw European Union funds supposed for an electrical automotive battery “gigafactory” over uncertainty over the time-table of the venture from ACC — a three way partnership together with Stellantis, Mercedes and French oil and fuel large TotalEnergies.

Italy continues to be very hooked up to combustion engine automobiles and the automaker foyer is a strong one.

The trade is going through a 2035 EU deadline to section out new gross sales of petrol-powered automobiles — a ban Meloni’s authorities, which incorporates the League occasion, tried and failed to dam.

TAGGED:ApologiseashamedCarlosCEOcompanydeputyHistoricItalianItalysmismanagingStellantisTavares
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