Stellantis CEO Antonio Filosa stated on Wednesday that the company's procurement from Italian suppliers will exceed €7 billion (approximately $8.1 billion) by the end of 2025, with expectations of a recovery in domestic production capacity next year.
A year ago, the parent company of Fiat had announced an Italian production revival plan, pledging €2 billion in direct local investments and €6 billion in procurement from domestic suppliers.
Speaking at the annual general meeting of Italian auto parts manufacturers' association Anfia, Filosa said, "We are finalizing annual accounts and can confirm this year that not only have we met the €2 billion investment target, but we’ve also procured €7 billion (instead of the planned €6 billion) worth of systems, components, accessories, and services from Italian suppliers."
Last year, Stellantis' vehicle production in Italy fell below 500,000 units, with further declines projected for 2025. In 2024, passenger car output dropped to just 283,000 units—the lowest in nearly 70 years.
Filosa acknowledged, "This has been a tough year... But this is the first step. Moving forward, we will take bigger and more decisive strides in local industrial development and supplier engagement."
The CEO also emphasized that the company's growth and competitiveness hinge on the outcome of the EU’s ongoing review of carbon emission regulations, with a critical decision expected from Brussels on December 16.
Filosa, who assumed the CEO role in June, noted, "These decisions will shape the automotive industry’s trajectory for the next 10, 15, or even 20 years."
Current EU regulations mandate zero-emission sales for new passenger cars from 2035, effectively banning new internal combustion engine vehicles. Governments of member states, including Germany and Italy, along with automakers, are lobbying for more lenient rules.
Earlier this month, Filosa publicly backed German Chancellor Friedrich Merz’s appeal to the EU to allow continued sales of plug-in hybrids and highly efficient combustion-engine vehicles post-2035. He argued that automakers need greater policy flexibility amid sluggish EV market penetration and fierce competition from Chinese manufacturers.
Last month, Stellantis Chairman John Elkann warned that without regulatory easing, Europe’s auto industry risks "irreversible decline."
Industry proposals include setting new carbon emission targets for light commercial vehicles, adjusting regulations to support small car production, and introducing measures to accelerate fleet renewal.
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