Elkann at the Turin Economics Festival: “Stellantis is fine”

“The State enters businesses when they go badly. Stellantis is doing very well, so I would say there is no need for it». Thus John Elkann, guest of the Turin International Festival of Economics, closes the door to the hypotheses circulated in recent days of entry of the State, or its offshoots such as Cdp, into the capital of the automotive group born from the merger between FCA and Peugeot. «From the results we had in 2022 – added Elkann – we are in absolute value the company in the automobile sector that has had the highest operating results and in our history, which was born as Fiat three centuries ago which then evolved with FCA and today is Stellantis, we have never had any need to have the State in our capital. Our French partner – he concluded – has had difficulties over the years which in that case required state intervention ».

Elkann then responded remotely to requests that had arrived in recent days from the Minister of Enterprise Adolfo Urso, with regard to increasing production in Pase: «I think with great pride that in recent decades we have managed to transform Italian production plants into plants that have the world as a market. Suffice it to say that today Jeeps are made in Basilicata, Dooges are made in Campania and sold in America, the 500 Elettrica that will go to America is made in Piedmont, not to mention the extraordinary work of repositioning Maserati and Alfa Romeo, which have the world as a market. The important thing is to keep the levels of competitiveness high». From the president of Stellantis also a message to the European Union and governments: “Faced with the challenge of the ecological and energy transition, companies need clear rules for planning investments”.