Market Chatter: Stellantis to Assign Production of New Model to Italian Plant

MT Newswires Live12-17 21:12

Stellantis (STLA) is expected to present a long-term production plan to the Italian government that includes assigning a new mass market model to an Italian factory, Reuters reported Tuesday citing sources familiar with the matter.

Sources said Stellantis could manufacture the new model at either its Pomigliano d'Arco plant near Naples or at the Cassino plant, south of Rome.

As part of the plan, the carmaker is planning to produce a larger number of hybrid models in Italy, according to the report.

Stellantis did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.

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