Rome (Reuters) – Stellantis will appoint a new managing director in the first half of 2025, said John Elkann, president of the car manufacturer on Wednesday, at the group’s operational controls since the surprise departure of Carlos Tavares last December.
John Elkann confirmed this calendar during a hearing on Wednesday before a parliamentary committee in Italy.
The president of Stellantis also confirmed that the group had planned to invest 2 billion euros in Italy this year as part of plans aimed at stimulating production.
At the end of 2024, Stellantis presented to the Italian government a plan aimed at relaunching production in the country after months of decline in a context of low European demand, especially for electric vehicles, due to high prices and increasing competition from Chinese manufacturers.
The plan was presented only a few days after the unexpected resignation Carlos Tavares and helped improve relations between the only large Italian automaker and Rome after months of confrontation.
Stellantis manufactured less than 500,000 vehicles in the country in 2024, compared to 751,000 in 2023, automotive production being at its lowest level since 1956.
(Giulio Piovaccari report, written by Keith Weir, Diana Mandiá, edited by Kate Entringer)
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