Finance
Italy could become Europe's second largest auto producer, says Stellantis manager
Published by Global Banking & Finance Review®
Posted on December 9, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 9, 2024
2 min readLast updated: January 27, 2026
Stellantis predicts Italy will become Europe's second-largest auto producer by 2029, with plans to boost production and introduce a hybrid Fiat 500.
By Alvise Armellini
ROME (Reuters) - Italy could become Europe's second-largest auto producer within the next five years, one of Stellantis' top managers said in an Italian TV interview on Monday, ahead of talks with the Rome government.
Industry Minister Adolfo Urso has said he expects the automaker to present a clear plan to revive flagging production in Italy at a meeting he is due to host in Rome on Dec. 17, also involving trade unions.
"I can say something that I will confirm very clearly on the 17th: for me, Italy will become the second European market in terms of manufacturing in 2029," Jean-Philippe Imparato, head of enlarged Europe operations, told Rai public broadcaster.
His recorded interview was due to be aired later on Monday.
According to the International Organization of Motor Vehicle Manufacturers, Italy was the seventh largest auto producer in Europe last year, and would need to overtake the likes of France and Spain to become the second largest behind Germany.
Imparato renewed a company commitment not to close any factories in Italy, as well as plans to introduce a hybrid version of the Fiat 500 city car in late 2025 to revive sales for the model, currently available only as fully-electric.
Fiat-parent Stellantis is in turmoil following this month's abrupt resignation of its CEO Carlos Tavares, after the company issued a shock profit warning on its 2024 results while struggling with rising U.S. inventories and falling sales.
The Italian factory where the 500 is made, Turin's Mirafiori, has sat largely idle this year, due to slow demand for electric cars. Imparato said the hybrid 500 would help boost production to around 100,000 units per year.
He also said the next generation of the 500 would be made in Mirafiori.
"I can tell you one thing, we are not giving up on Mirafiori and we are not giving up on Turin," Imparato said. "Stellantis is not abandoning Italy, absolutely not, and we will show this to everybody next week."
(Additional reporting by Giulio Piovaccari. Editing by Mark Potter)
The article discusses Stellantis' prediction that Italy could become Europe's second-largest auto producer by 2029.
Stellantis plans to boost production, introduce a hybrid Fiat 500, and maintain its Italian factories.
Stellantis is facing challenges due to the resignation of CEO Carlos Tavares and a profit warning for 2024.
Explore more articles in the Finance category
