Fiat and occupational blackmail, the response of the Minister of Infrastructure and Transport, Salvini
“With everything that the former Fiat cost Italians, the current Stellantis is the last one that can impose, dispose or threaten“. And then again: “Let's say that the State has already entered into it 18 times with citizens' money. I am for the private sector, let it be private but it is too convenient to be private as these gentlemen did who then transferred headquarters and factories abroad. So I don't think the Italian state can accept impositions from gentlemen who have little to do with Italy.”
Thus the Vice President of the Council and Minister of Infrastructure and Transport Matteo Salvini on the sidelines of an RFI event. The answer concerns the possibility that the Italian State directly enters the share capital of the company led by Carlo Tavares. Let's remember the context in which Salvini pronounced these words which do not leave much room for misunderstandings.
Last week the Minister of Made in Italy Adolfo Urso declared: “If Tavares (CEO of Stellantis) or others believe that Italy should do as France, which recently increased its share capital within the shareholder structure of Stellantis, ask us. If they want active participation we can always discuss it.”
Basically the exact opposite of what Salvini would later say. Tavares had talked about increases in incentives for Stellantis and this had produced Urso's response. But from Tokyo, Giorgia Meloni, visiting Japan for the handover of the G7, promptly commented: “I read some statements by Tavares, I couldn't find this interview and it would have seemed curious to me, the CEO of a large company should know that the incentives cannot be aimed at just one company and that we have invested in eco-incentives; always open to those who bring jobs, if you then believe that producing where the work costs less is better, free to do so”. Which raises the hypothesis that if Stellantis wants the coveted incentives it must produce in Italy, creating jobs and jobs. Therefore a position closer to that of Urso who, however, seems to have broadened his requests too much, as both the two government political exponents later pointed out.
We remind you that Stellantis, controlled (with 14.4%) by the Agnelli-Elkann financial company Exor, has its headquarters in the Netherlands and no longer in Turin. Its executive chairman is John Elkann. The French state has a 6.2% stake.
The fact remains that Salvini, beyond the Economy, fully interprets the feelings of the Italians who know very well that the State has financed Fiat for several decades under the so-called “employment blackmail” and this has not only drugged the market but has produced even cars that are not always up to the standards of foreign competition. In short, Salvini reiterates that “we have already given”.
READ ALSO: Stellantis, Tavares: from words to deeds. Redundancy fund in Mirafiori
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