Tavares made these remarks during the Stellantis Freedom of Mobility Forum, shedding light on the challenges and opportunities in the pursuit of sustainable mobility.

Stellantis has been asked to increase its output in Italy to one million units annually by the end of this decade.

The first delivery volumes from Franco-Italian automaker Stellantis are expected to begin in the first half of this year.

A component of Stellantis CEO’s package includes 13 billion euros in long-term incentives linked to specific performance targets.

This decision marks a significant milestone for the historic factory, which has been manufacturing vans for over nine decades.

Stellantis was created in 2021 after the merger of France’s Peugeot-maker PSA, and Italian-American Fiat Chrysler.

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Following a safety testing scandal, Stellantis temporarily halted all factory operations, affecting its domestic production.

Some 300-350 people are expected to be on furloughs every week out of a total of around 1,250 workers making the electric Fiat 500.