Stellantis' New Italian Model: A Boost for EV Production and Jobs

Stellantis, the world's fourth-largest automaker, is set to manufacture a new mass market model in Italy, according to sources. This strategic move aligns with the company's Dare Forward 2030 strategy and commitment to electrification, while also boosting Italian production and job creation.

The new model, expected to be an electric vehicle (EV), will contribute to Stellantis' goal of having 30% of its sales from battery electric vehicles (BEVs) by 2025 and 100% by 2030. This move supports the company's ambition to become a carbon net-zero mobility tech company by 2038. The new model will be produced in addition to existing models like the Fiat 500, Jeep Compass, and Maserati, further increasing production in Italy.

Stellantis' investment in Italy is significant, with plans to reach one million vehicles produced in the country by 2030. The company has already invested €140 million in transforming the Mirafiori complex into a globally unique hub for design, engineering, manufacturing, and recycling. Additionally, Stellantis is investing €100 million to boost the potential of the iconic Fiat 500e, making it more affordable for customers and supporting further production in Mirafiori.

The production of the new mass market model in Italy is expected to have a positive impact on the Italian workforce and the broader automotive industry. Stellantis has committed to investing in the Mirafiori complex, creating a globally unique hub for design, engineering, manufacturing, and recycling. This investment is part of Stellantis' Dare Forward 2030 strategy, aiming to transform the company into a sustainable mobility tech company by 2038.

The new model is also expected to create additional production and jobs in Italy, contributing to the country's automotive industry growth. Stellantis has announced an additional €100 million investment to boost the potential of the iconic Fiat 500e, making it more affordable for customers and supporting further production in Mirafiori. This investment is expected to provide a better customer experience with an attractive range/price ratio, contributing to the growth of the electric vehicle market in Italy.

Stellantis' new mass market model aligns with the company's goal of producing one million vehicles in Italy by 2030. This move is part of the company's strategy to increase production in Italy, which currently stands at around 400,000 units per year. The new model is expected to contribute significantly to this target, as it will be produced in addition to existing models like the Fiat 500, Jeep Compass, and Maserati.

The Italian government has agreed to provide state aid and a redundancy fund to support the automotive transition, further supporting Stellantis' plans. The new model is also expected to create jobs and stimulate the Italian economy.

In conclusion, Stellantis' new mass market model in Italy is a strategic move that aligns with the company's Dare Forward 2030 strategy and commitment to electrification. This move is expected to have a positive impact on the Italian workforce and the broader automotive industry, while also contributing to the country's automotive industry growth. The new model is expected to create additional production and jobs in Italy, supporting the company's goal of producing one million vehicles in the country by 2030. The Italian government's support for the automotive transition further strengthens Stellantis' plans, making this a promising development for the Italian automotive industry.