ROME — Italy’s authorities is contemplating taking up by decree defunct auto manufacturers owned by Stellantis and providing them to Chinese language corporations to encourage them to arrange factories in Italy, Il Sole 24 Ore day by day reported on Friday.
The plan would contain the Innocenti and Autobianchi manufacturers, each shut down within the Nineties.
Innocenti was well-known within the Nineteen Sixties and Seventies for producing an Italian model of the British Mini, earlier than it was taken over by Fiat, now a part of Stellantis. Former Fiat unit Autobianchi produced upmarket metropolis automobiles such because the A112 and Y10.
Il Sole mentioned the federal government’s appropriation could be made potential beneath a regulation handed in December and a draft implementing decree, beneath examination by the Court docket of Auditors, regarding manufacturers which have been unused for not less than 5 years.
As soon as beneath authorities management, they could possibly be given to “corporations, together with international ones, that intend to put money into Italy or transfer to Italy manufacturing actions positioned overseas,” the regulation says.
Prime Minister Giorgia Meloni’s nationalist authorities has for months been at loggerheads with Fiat-parent Stellantis, accusing the automaker of neglecting its historic manufacturing bases in Italy.
It’s engaged in talks with the group, the nation’s sole main automaker, to spice up Italian manufacturing to 1 million autos per yr, but additionally mentioned it needs to increase the home trade by attracting a Chinese language automaker to Italy.
On Thursday, Fiat unveiled at its historic Turin headquarters in northern Italian its Serbian-made Panda mannequin and celebrated its a hundred and twenty fifth anniversary. Business Minister Adolfo Urso, who attended the occasion, once more urged Stellantis to relaunch its manufacturing actions in Italy.
