By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Stocks > Stellantis to invest in historic Italian Mirafiori plant
Stocks

Stellantis to invest in historic Italian Mirafiori plant

News Room
Last updated: 2023/07/04 at 9:06 AM
By News Room
Share
2 Min Read
SHARE

© Reuters. FILE PHOTO: The logo of Stellantis is seen on a company’s building in Velizy-Villacoublay near Paris, France, February 23, 2022. REUTERS/Gonzalo Fuentes/File Photo

MILAN (Reuters) – Carmaker Stellantis will invest up to 200 million euros ($218 million) to ensure its Italian Mirafiori site, the historic home of Fiat, remains one of its primary locations for what it is calling its “green campus” programme.

Mirafiori, which is in Turin, will rank alongside Poissy in France and Russelsheim in Germany as part of a plan that aims at transforming Stellantis’ top facilities into new carbon neutral bases for the group’s design, R&D and central functions.

“We are rethinking our iconic buildings to better respond to our new hybrid ways of working, as a significant number of our colleagues are taking advantage of flexible remote working, while also contributing to the company’s carbon footprint reduction,” said Xavier Chéreau, Stellantis’ Chief Human Resources & Transformation Officer.

The Mirafiori project will be completed by 2025. It will host at least 10,000 Stellantis’ workers, unions said in a statement after meeting Chéreau in Turin.

Around 60% of those workers will be engineers, Chereau said according to a Stellantis spokesman

The overall investment was hard to quantify but it could total up to 200 million euros ($218 million), Chéreau added, after Stellantis said earlier in a statement it would make a “triple-digit” million euro investment.

Gianluca Ficco of UILM metalworkers’ union said Monday’s announcement was tangible evidence of Stellantis’ commitment to invest in Italy and press ahead with energy transition.

Stellantis last year announced it was investing in Mirafiori to increase production of electrified dual-clutch transmissions (eDCT) and to make the plant the group’s main hub for its so called ‘circular economy’ business, focusing on reconditioning and dismantling of vehicles and reusing components. ($1 = 0.9170 euros)

 

 

Read the full article here

News Room July 4, 2023 July 4, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
The argument Iranians have in private

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Carmakers sour on EU’s ‘disastrous’ petrol engine rule changes

Stay informed with free updatesSimply sign up to the Electric vehicles myFT…

Risks to the bull market’s record run, Wall Street’s top analyst calls

Watch full video on YouTube

Should Americans be blaming AI for mass layoffs?

Watch full video on YouTube

Elon Musk makes an unhelpful cameo in Warner Bros buyout

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

Playa Hotels & Resorts (NASDAQ:PLYA) Delivers Strong Q4 Numbers By Stock Story

By News Room
Stocks

ON24 (NYSE:ONTF) Posts Better-Than-Expected Sales In Q4 By Stock Story

By News Room
Stocks

Evolent Health shares leap on Q4 earnings beat and upbeat guidance By Investing.com

By News Room
Stocks

Chuy’s (NASDAQ:CHUY) Reports Q4 In Line With Expectations But Stock Drops

By News Room
Stocks

Red River Bancshares raises dividend to $0.09 per share

By News Room
Stocks

Ecolab appoints Microsoft executive to board

By News Room
Stocks

Semilux secures $50 million equity deal with White Lion Capital

By News Room
Stocks

US government debt trajectory to push long-term yields higher, says PIMCO

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?