According to an Italian media outlet, Italy's government is ready to seize Stellantis' rights to closed car brands to offer them to the Chinese.
The Italian government is ready to seize the rights to the closed Stellanti car brands Autobianchi and Innocenti.
Instead, Chinese groups must be allowed to revive the brands in return for placing some of their production in Italy.
This is written by the media Il Sole 24 Ore .
In this way, the Chinese car groups will also be able to avoid the punitive tariff on Chinese electric cars, which the EU adopted earlier this month.
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The story is convoluted, and details are few and far between. However, it remains that the Italian government must be ready to hand over the brands if the Chinese in return settle in the country.
Autobianchi sent its first cars on the street in 1955, but had to close in 1995. Innocenti's history is more colorful. Among other things because the brand has been owned by everything from English British Leyland, since De Tomaso and Fiat.
The last car with the Innocenti logo, which was actually a Fiat Uno, left the assembly line in 1997. And then it was over. But now the Italian government must be ready to let others than the country's own car brands breathe new life into both brands.
Italy's government reportedly has legislation that says the country can revoke the rights to car brands that haven't been in use "for five years or more" to lean on.
Italy's Ministry of Commerce has apparently already applied for and received permission to continue Autobianchi and Innocenti. However, with different logos than those Stellantis' predecessors have historically used.
It is already established that Stellantis has entered into an agreement with Chinese Leap Motor on its own. An agreement which means that the Chinese open a factory and now build cars in Europe for as little as 2,600 kroner in pure costs. Read more about it here .
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