Market Chatter: Stellantis Planning New Investments in Italy

MT Newswires Live06-17

Stellantis (STLA) has pledged new investments in Italy, including 5 billion euros ($5.80 billion) in research and development by 2030 and the addition of engineering jobs, Bloomberg reported Wednesday, citing FIM-CISL labor union secretary general Ferdinando Uliano.

Uliano said the company also told unions that it is looking for a partner to support its Maserati brand, according to the report.

No other details of the investment plans were disclosed.

Stellantis and the union did not immediately respond to MT Newswires' requests for comments.

(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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