Tajani: I hope Stellantis will continue to produce in Italy. The market reasons about the possible entry of the State

(Il Sole 24 Ore Radiocor) - 'The biggest concern is the defence of jobs and I hope that Stellantis can continue to produce cars in Italy, electric or hybrid: it is important that Italy can continue to be the second largest manufacturer in Europe,' said Foreign Minister Antonio Tajani at an event held on Saturday in Milan. "We need to have a European industrial policy and to have an Italian industrial policy that fits in well with European industrial policy,' he added. 'We are trying to make an industrial policy at a complicated time and the issue of the electric car and Stellantis must fit into this theme.

Meanwhile, speculation of an entry by the Italian state into the capital of Stellantis , supporting the stock on the Milan's FTSE MIB is back in the news. The Minister of Enterprise and Made in Italy, Adolfo Urso, opened the door to a presence in the group's capital to 'match' that of France should Stellantis ask for it. "They had asked us for a commitment in Europe" on Euro 7 "and we have kept that commitment. They asked us for a significant and extraordinary incentive plan, we kept it. If the problem is 'do as France does', the difference between us and them is that they are in equity, then make a request of us,' Urso noted. The minister also outlined the 950 million 2024 incentive plan to support the ecological transition.

Meanwhile, on 1 February 2023, data on theregistrations in Italy and France were published, which saw Stellantis register advances of 12.8% and 20% respectively, against markets up 10.6% and 9.2%. "We point out that the French government has a 6.09% stake in Stellantis through BpiFinance," Banca Akros analysts point out, "To buy this stake would cost 4 billion at current prices. "This is not the first time the topic of an entry of the Italian state into Stellantis has come up", they recall from Equita adding that they believe "it is unlikely that the current shareholders of Stellantis will welcome this proposal".