The Italian government stated that it is talks with Tesla Inc (NASDAQ:TSLA), as well as with Chinese automakers, in attempt to get them to bring their manufacturing to the country and boost the national output after years of decline on the automotive front.
At an event in Turin on Wednesday, Italy's sole major automaker, Stellantis N.V. (NYSE:STLA) CEO Carlos Tavares warned that the arrival of Chinese car manufacturing in Italy would force some tough and unpopular decisions for the automaker. This move would likely result in Stellantis losing market share and sales volumes, to which it...
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