(Alliance News) : Stellantis NV has reaffirmed its industrial commitment to Italy, confirming new investments and the absence of plant closures, as reported by Ansa on Monday.

'We anticipate new models, investments in innovation, the involvement of all Italian brands and, fundamentally, no plant closures,' stated Emanuele Cappellano, Chief Operating Officer of Stellantis Europe.

Cappellano emphasized that 'our commitments to Italy are concrete, structural, and long-term: innovation, employment, and the enhancement of skills are the pillars upon which we are building a new phase of growth.'

While highlighting that 'the initial signs are positive,' he noted that 'the challenges are not yet behind us' and that sustaining growth requires 'competitiveness and realistic regulations oriented toward industrial development.'

According to Cappellano, 'the commitments of the Italy Plan have been maintained and, in many cases, exceeded with the new strategic plan.'

Among these, the executive highlighted investments in Atessa for the new generation of light commercial vehicles, the new Alfa Romeo in Melfi, the relaunch of Maserati at the end of the year, the new Grecale in Cassino, and the continuity of investments and procurement from the Italian supply chain.

Cappellano finally reiterated that 'our country will be the production hub for small cars in Mirafiori and Pomigliano, for mid-to-high-end and luxury vehicles in Melfi, Cassino, and Modena, and for commercial vehicles in Atessa.'

Stellantis shares are up 5.3% at €6.203 per share.

By Antonio Di Giorgio, Alliance News reporter

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