Stellantis NV (NYSE: STLA) is planning to expand production across Italy.
What Happened: The Fiat-parent company is set to commence negotiations with the Italian government next month to establish a comprehensive agreement focusing on the automotive industry in Italy, including setting higher targets for domestic vehicle production.
The discussions are slated to start on Dec. 6.
The talks will also involve labor unions, local governments, and the automotive lobby group ANFIA, reported Reuters.
Stellantis CEO Carlos Tavares and Industry Minister Adolfo Urso earlier ...