John Elkann to Address Italian Parliament

John Elkann, Chairman of Stellantis (NYSE:STLA), has agreed to speak before the Italian parliament regarding the automotive industry's evolution in Europe and Italy. This decision follows his earlier reluctance to engage with lawmakers. The announcement comes after Stellantis unveiled plans to enhance production in Italy, improving its previously strained ties with the Italian government.

Currently, Elkann is temporarily leading Stellantis after CEO Carlos Tavares' resignation, who previously faced difficulties when interacting with Italian lawmakers in October. Elkann is expected to present in front of both lower and upper parliamentary committees, although a specific date for the hearing has not been confirmed yet. This news follows Stellantis' optimistic production plans in Italy, which have positively influenced its relationship with Italy's nationalist government.

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