The Minister of Economic Development Giancarlo Giorgetti stated that the Italian government will be ready to financially support the next operations of Stellantis on the territory. With the end of the FCA era, an investment by the multinational, the result of the merger between Fiat Chrysler and PSA, in Italy, is no longer taken for granted as in the past. Therefore politics cannot turn its back on negotiations to open new factories or keep existing ones.
“We are convinced that Stellantis, with the Gigafactory in Termoli, which we will support with 369 million of public resourcesshould continue to be engaged in Italy, but it is not so obvious and it is not so obligatory for them to do so“, Giorgetti said to Sole 24 Ore. The minister did not indicate the total amount of investment for the gigafactory, which will have to produce batteries capable of supplying the European market presumably for the entire Stellantis group.
On the other hand, the government could soon approve an investment package of 1 billion euros a year, for three years, relating to incentives for low-emission cars (electric and hybrid) and to give a boost to the industries that must be put in place. goal of conversion from endothermic to electric. Stellantis would appreciate this effort, as it employs about 50,000 people in Italy, according to Automotive News; however the game of Risk around the car market has just begun and it is not certain that by increasing the Italian presence the multinational will be able to indirectly achieve the environmental aims of the government and Europe. Translated: if electric cars do not come to cost less than thermal ones, the investment for the gigafactory may not be fully exploitable.
With Giorgetti’s words, the Draghi government confirms that it is cautious on the automotive issueas demonstrated several times also by the Minister of Ecological Transition Roberto Cingolani: there is no interest capable of overwhelming the others, but the intention to save both the permanence of car manufacturers, to avoid an indiscriminate increase in unemployment, and to get to electric gradually, with not too long-term incentive plans.
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