Stellantis pledges invest $2.1 million in Italian production in 2025 during talks with government

Associated Press Finance12-18 02:33

MILAN (AP) — The Stellantis (STLA) automaker will invest 2 billion euros ($2.1 billion) in Italian production next year and spend another 6 billion euros ($6.3 billion) in the supply chain, the head ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492415999?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/k9GLjxb9O43Jp5eE90HzSQ--~B/aD0zODA3O3c9NTcxMTthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/ap_finance_articles_694/e5f2fe4bb9ca0ffc9578bcb6b3f9893e","is_english":true,"pubTime":"2024-12-18 02:33","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492415999","market":"us","top_or_hot":-1,"title":"Stellantis pledges invest $2.1 million in Italian production in 2025 during talks with government","media":"Associated Press Finance","content":"<div>\n<p>MILAN (AP) — The Stellantis (STLA) automaker will invest 2 billion euros ($2.1 billion) in Italian production next year and spend another 6 billion euros ($6.3 billion) in the supply chain, the head ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stellantis-pledges-invest-2-1-183300058.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stellantis pledges invest $2.1 million in Italian production in 2025 during talks with government</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStellantis pledges invest $2.1 million in Italian production in 2025 during talks with government\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 02:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stellantis-pledges-invest-2-1-183300058.html><strong>Associated Press Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MILAN (AP) — The Stellantis (STLA) automaker will invest 2 billion euros ($2.1 billion) in Italian production next year and spend another 6 billion euros ($6.3 billion) in the supply chain, the head ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stellantis-pledges-invest-2-1-183300058.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4099","symbol_name":"汽车制造商","start_time":0,"source_url":"https://finance.yahoo.com/news/stellantis-pledges-invest-2-1-183300058.html","article_id":"2492415999","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/k9GLjxb9O43Jp5eE90HzSQ--~B/aD0zODA3O3c9NTcxMTthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/ap_finance_articles_694/e5f2fe4bb9ca0ffc9578bcb6b3f9893e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492415999","pubTimestamp":1734460380,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"MILAN  — The Stellantis  automaker will invest 2 billion euros  in Italian production next year and spend another 6 billion euros  in the supply chain, the head of European operations told a government panel on Tuesday.Stellantis executives laid out prospects for Italian operations just weeks after the board forced former CEO Carlos Tavares to resign amid slumping sales. He is being replaced by an executive committee led by chairman John Elkann until a new CEO is named.Stellantis, the world’s fourth-largest carmaker, was formed from the 2021 merger of Fiat Chrysler and PSA Peugeot. Its fiscal base is in the Netherlands, but it retains headquarters in Turin, Paris and Auburn Hills, Michigan.Stellantis European chief Jean Philippe Imparato told the economic, labor and economic development ministers that Turin would become the headquarters of the carmakers’ European operations from January, addressing a concern among Italian officials and unions since the merger shifted the automaker’s ce","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4099":"汽车制造商","BK4585":"ETF&股票定投概念","STLA":"Stellantis NV","LU1064927863.SGD":"JPMorgan Funds - Europe Dynamic A (acc) SGD-H","BK4006":"钢铁","AP":"安博科-匹兹堡","BK4588":"碎股","BK4534":"瑞士信贷持仓"},"translate_title":"Stellantis在与政府谈判期间承诺到2025年投资210万美元用于意大利生产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AP":1,"STLA":1},"content_text":"MILAN (AP) — The Stellantis (STLA) automaker will invest 2 billion euros ($2.1 billion) in Italian production next year and spend another 6 billion euros ($6.3 billion) in the supply chain, the head of European operations told a government panel on Tuesday.\nStellantis executives laid out prospects for Italian operations just weeks after the board forced former CEO Carlos Tavares to resign amid slumping sales. He is being replaced by an executive committee led by chairman John Elkann until a new CEO is named.\nStellantis, the world’s fourth-largest carmaker, was formed from the 2021 merger of Fiat Chrysler and PSA Peugeot. Its fiscal base is in the Netherlands, but it retains headquarters in Turin, Paris and Auburn Hills, Michigan.\nStellantis European chief Jean Philippe Imparato told the economic, labor and economic development ministers that Turin would become the headquarters of the carmakers’ European operations from January, addressing a concern among Italian officials and unions since the merger shifted the automaker’s center of gravity.\nMeeting behind closed doors, Imparato told the ministers that Stellantis’ six automaking factories in Italy will boost production from 2026 with the launch of more than a dozen new models through 2032, according to the Stellantis media office.\nNew models include a new Fiat Pandina city car in Pomigliano d’Arco near Naples from 2028, while Mirafiori in Turin will be the basis of production for the 500 hybrid and full-electric powertrains. Melfi and Cassino in southern Italy will get new hybrid vehicles, including a new Jeep Compass and Alfa Romeo Giulia. \n“I won’t hide that 2025 will be a hard year, but all of the factories in Italy will be active,\" Imparato told a news conference after the meeting, which also included unions, regional officials and industry representatives. \nEconomic Development Minister Adolfo Urso said that one reason for production lulls are new European rules that come into effect Jan. 1 that one-fifth of cars being produced must be electric vehicles, or face stiff fines. He called for the rules to be changed.\nPlants in Italy have been cycling through short-term layoff programs because of lagging sales, especially of electric vehicles.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492415999"}