Stellantis spent over 7 billion euros ($8.1 billion) with Italian suppliers in 2024, beating its own target by 1 billion euros.
Why it matters: The investment boost comes as the automaker faces its lowest Italian production in nearly 70 years and a critical EU emissions decision on December 16.
The Details
- CEO Antonio Filosa announced the figures Wednesday at Anfia, Italy’s auto parts lobby group annual meeting.
- Stellantis invested 2 billion euros directly in Italy this year, matching its commitment from a revival plan presented one year ago.
- The original 2024 plan called for 6 billion euros in supplier purchases. Filosa confirmed they exceeded that by 1 billion euros.
- “We are closing our accounts and this year we can celebrate having made two billion in investments and seven, not six, billion in purchases from Italian suppliers,” Filosa said.
- The CEO, who took the role in June, called it “a first step which will allow us to make further and more important ones.”
By The Numbers
- Italian supplier purchases (2024): Over 7 billion euros ($8.1 billion)
- Direct Italy investment (2024): 2 billion euros ($2.3 billion)
- Original supplier target: 6 billion euros ($7 billion)
- 2024 Italian passenger car output: 283,000 units
- Production outlook: Expected to decline further in 2025
- EU emissions decision: December 16, 2025
EVXL’s Take
Stellantis is throwing money at its Italian supply chain while its actual production hits generational lows. The 283,000 vehicles built in Italy last year represents the worst output in almost 70 years, and 2025 looks even bleaker. Filosa’s optimism about future growth hinges entirely on what happens in Brussels next week.
The December 16 EU emissions review is the real story here. As we reported when Germany officially challenged the EU’s 2035 combustion ban, European automakers are betting their futures on regulatory relief rather than competitive innovation. Stellantis Chairman John Elkann already warned the industry risks irreversible decline without softer rules. Spending more with suppliers is meaningless if you have nothing to build.
Frequently Asked Questions
How much did Stellantis spend with Italian suppliers in 2024?
Over 7 billion euros ($8.1 billion), exceeding the original 6 billion euro target by 1 billion euros.
When is the EU emissions rule review?
The European Union will announce its decision on December 16, 2025.
What was Italy’s 2024 car production?
Stellantis produced 283,000 passenger cars in Italy in 2024, the lowest output in almost 70 years.
