Rome, March 19 (LaPresse) – "In 2003, when my grandfather Gianni Agnelli passed away, Fiat Auto had a turnover of 20 billion euros and was losing 2 billion. With its four brands, it sold 1.7 million vehicles, nearly half of them in Italy, and it was outside the top ten of global manufacturers. Many in 2004 were talking about Fiat as a company doomed to fail, bankrupt, or in need of nationalization. Despite the dramatic situation, my family took on the responsibility to defend the company and its employees, investing new resources and laying the groundwork for a relaunch." This was stated by Stellantis Chairman John Elkann during a hearing before the Chamber and Senate's Productive Activities Committees on Stellantis' automotive production in Italy. "Today," he added, "Stellantis is the fourth largest manufacturer in the world, it is profitable, and it has a turnover of 157 billion. With its 14 brands, it sells 5.5 million vehicles, less than half of which are in Europe." Twenty years ago, Elkann continued, "we were fighting for survival. Today, we are among the top manufacturers in the world. Italy and Italians have played a major role in this extraordinary development, and the entire country deserves our gratitude."
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