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"If you open the door to your Chinese rivals... You have to be responsible..."

author:oushitalia
"If you open the door to your Chinese rivals... You have to be responsible..."
"If you open the door to your Chinese rivals... You have to be responsible..."

Yesterday (10th), Carlos Tavares, CEO of multinational automotive group Stellantis, denied rumors about the withdrawal of factories in Italy and warned that Chinese competitors should be wary.

According to Ansa News Agency and Italy's Tgcom24 website, Stellantis Group is a multinational automobile manufacturer headquartered in the Netherlands. The company was formed in 2021 through the merger of Fiat Chrysler Automobilia, an Italian-American company, and PSA Peugeot Citroën Group, a French company. It currently owns 14 car brands, including Fiat, Maserati, Chrysler, Citroen, Logo, Alfa Romeo, etc.

However, the company has been criticized in Italy for its plans to move Fiat production abroad.

Yesterday, group CEO Carlos Tavares warned during the inauguration of the new project at the Mirafiori automotive plant in Turin that the arrival of Chinese competitors could lead to the closure of some factories.

"If you open the door to your Chinese rivals... You have to be responsible..."

Stellantis Group website

"The arrival of competitors will reduce our market share as the Italian leader," Tavares said. If we are under pressure, we can increase productivity to reduce costs. If we lose market share, we need to reduce the number of factories. ”

"There is fake news that Stellantis is leaving Italy. "We felt at home in Turin, in Italy. We are the leader in this market with a share of more than 34%. We have no intention of leaving, we are investing, we have projects, we have ideas, and we have the ability to deliver on our commitments. ”

"Fake news has opened a window to Chinese competitors. But we intend to strengthen our leadership in Italy. "We have the ability to compete with Chinese competitors. If someone wants to bring a Chinese competitor to Italy, they are responsible for an unpopular decision. ”

"We want to help workers fight against this disinformation. "I can only plead, pray, and implore you to stop spreading false news and let those who deserve our support go to work," Tavares said. If we don't make this change, we will disappear because this is Darwin's law. ”

"If you open the door to your Chinese rivals... You have to be responsible..."

Tavares was apparently referring to the news that came out in February of this year. At the time, it was reported that Stellantis Automotive Group would gradually reduce car production in Italy, while the Italian government was stepping up to find alternatives and approached Chinese electric vehicle giant BYD.

At the time, the Minister of Italian Business and "Made in Italy", Adolfo Urso, also confirmed the government's plan to attract new large car manufacturers to set up factories in Italy, in order to counter the risk of Stellantis Group shifting production to other countries. He said that the Italian government has held in-depth discussions on this issue with different manufacturers in many countries.

(Yi Yi Original, Editor: Shu Liao, Translation: Sasha, Image source: Pixabay network, please indicate Yi Stew: oushitalia)

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