{"id":33515,"date":"2024-03-14T14:23:38","date_gmt":"2024-03-14T13:23:38","guid":{"rendered":"https:\/\/www.italpassion.fr\/?p=33515"},"modified":"2024-03-14T14:23:40","modified_gmt":"2024-03-14T13:23:40","slug":"stellantis-the-italian-government-underestimated-the-effects-of-the-fca-psa-merger","status":"publish","type":"post","link":"https:\/\/www.italpassion.fr\/en\/stellantis\/stellantis-le-gouvernement-italien-a-sous-estime-les-effets-de-la-fusion-fca-psa\/","title":{"rendered":"Stellantis: the Italian government underestimated the effects of the FCA \/ PSA merger"},"content":{"rendered":"
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In a recent speech, the Minister for Enterprise and Made in Italy, Adolfo Urso, highlighted the importance of the Potentially undervalued impact of the merger between Fiat Chrysler Automobiles (FCA) and PSA Groupe<\/strong>now known as Stellantis<\/a>. This union, which came to fruition four years ago, seems to have left a significant mark on the Italian automotive industry, particularly where domestic production sites are concerned.<\/p>\n\n\n\n

Adolfo Urso expressed concern<\/strong> shared with the opposition regarding the impact of the creation of Stellantis. He recalls that, at the time of the merger, the Italian government of the time probably did not fully appreciate the consequences of this operation<\/strong>unlike the French government. The lack of consideration for the impact on employment in the Italian automotive sector is now at the heart of the debate.<\/p>\n\n\n\n

The Minister stressed that, following the merger, the Italian plants,<\/strong> once renowned for their quality and production capacity, began to suffer <\/strong>a reduction in capital expenditure by the Group. This reduction in investment has resulted in a difficult situation for the industry, particularly in Italy where, unlike the French sites, the facilities have felt the impact of this strategy.<\/p>\n\n\n\n

The direct consequence of this situation is obvious for the sector, and has prompted the current government to enter into discussions with Stellantis. These discussions, though marked by moments of tension, began within the Automotive Industry Round Table before continuing within a more specific framework focused on the Stellantis group, set up last December.<\/p>\n\n\n\n

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A publication shared by Adolfo Urso (@adolfo_urso)<\/a><\/p><\/div><\/blockquote>