Stellantis Allocates €38 Million for Electric Engine Parts Production in Italy
March 17, 2025 - 18:49
Automaker Stellantis has announced a significant investment of €38 million ($41 million) in its manufacturing facility located in Verrone, Northern Italy. This investment aims to enhance the production of components for electric engines, specifically tailored for the company's upcoming small-size vehicle models. The facility will focus on producing steel components that are essential for electric drive modules, which are currently being manufactured at various other European sites.
The production is slated to commence by the end of 2027, marking a strategic step in Stellantis's commitment to expanding its electric vehicle offerings. The company has set an ambitious target to achieve an annual production capacity of over 400,000 units once fully operational. Furthermore, Stellantis has indicated that it may consider increasing this capacity by an additional 200,000 units, depending on the automotive market conditions in Europe. This investment underscores Stellantis's dedication to advancing sustainable mobility solutions in the evolving automotive landscape.
MORE NEWS
February 24, 2026 - 08:03
Japan Maintaining Close Dialogue With U.S. on Forex, Finance Minister SaysFinance Minister Shunichi Suzuki confirmed that Japanese authorities remain in close and constant dialogue with their United States counterparts regarding recent foreign exchange movements. The...
February 23, 2026 - 19:53
Stock market today: Dow drops 800 points as S&P 500, Nasdaq slide on Trump tariff fears, AI 'scare trade'Wall Street opened the week with a sharp sell-off, as investors grappled with renewed fears of a global trade war and a significant pullback in the high-flying technology sector. The Dow Jones...
February 23, 2026 - 02:41
Mastercard Partnerships With Ericsson And Cloudflare Reshape Digital Finance RoleFinancial services giant Mastercard has unveiled two significant partnerships aimed at expanding its influence in digital finance and cybersecurity. The collaborations with telecommunications...
February 22, 2026 - 22:14
Opinion - Efforts to fight online financial scams are missing the markCurrent efforts to protect consumers from online financial fraud are increasingly seen as misdirected. While large technology and social media companies are often the primary targets of regulatory...