The CEO of Stellantis, Carlos Tavares, is expected in Hearing in Parliament on October 11, where you can provide a detailed overview of the Group production in Italy. This announcement comes just hours before a bipartisan vote in Montecitorio which concerns precisely Stellantis: that is, on the day in which the Chamber is called to vote on the motions of the centre-right majority and the opposition, which are loudly calling for an urgent meeting with the leaders of the former Fiat, John Elkann and the CEO Tavares, to clarify the future of the industrial plan and jobs, especially now that a general strike called by the unions. The motion, supported with surprising bipartisan momentum, highlights the serious crisis gripping the automotive sector.
The Italian government, however, is also keeping an eye on another sensitive issue: the potential merger between Unicredit and Commerzbank, with particular attention to the future of the headquarters e of the central offices of the possible new group. Despite negotiations are still in the early stages and Unicredit has denied a possible transfer in Germany, the issue continues to arouse sensitivity in Giorgia Meloni's executive, ready to intervene, strong in the rules on golden power, to avoid an unwanted maneuver being consummated.
Parliament, Tavares to be heard on October 11
Parliament calls and Stellantis does not back down. “The complex international and European situation in which the Automotive sector finds itself requires rapid responses, also as a result of dialogue between all the sector entities involved.” In this turbulent landscape, the group underlines its commitment to keep the dialogue open with the institutions, from the Ministry of Business and Made in Italy, led by Minister Adolfo Urso, to Parliament. “The contribution and willingness to dialogue and discuss by Stellantis is constant,” states the note from the automotive giant.
After several discussions with the president of the 10th Commission for Productive Activities, Trade and Tourism, Alberto Luigi Gusmeroli, Carlos Tavares is preparing to speak at the Commission on 11 October at 13:XNUMX. With his presence, the CEO of Stellantis will offer a clear picture of the Group's automotive production in Italy, a crucial topic of the hearing.
It's certainly not a golden period for the automotive industry: Monday 30th September turned out to be disastrous for companies in the sector on the stock exchange, raising questions about what is happening in the European automotive world. Further complicating the situation for the Italian-French giant, the closed until November of the establishment of mirafiori in Turin. This crisis situation has given rise to persistent rumours about a possible merger between Stellantis and Renault, an operation that could reshape the landscape of the automotive industry European.
Stellantis at the center of the parliamentary debate
Today in Parliament there will be a discussion four motionsThe first was presented by Matteo Richetti (Action), followed by that of Chiara hanger and other deputies of the Five Star Movement. Among the proposals there is also that of Marco Grimaldi (Green and Left Alliance), while the majority has a single motion led by Gianluca Caramanna (Brothers of Italy). The tone is serious: there are concerns about the consequences of a drastic fall in production and the profit warning that caused Stellantis shares to collapse. However, today the Stellantis stock recorded an increase of 0,63% on the stock exchange.
The government is asking Stellantis management to clarify the commitments made with the Ministry of Enterprise and Made in Italy, paying particular attention to the number of workers who have left Italian factories, to verify whether these dynamics fall within the industrial development plan. Furthermore, the motion by the Five Star Movement underlines the importance of having a solid financial plan to support the Automotive Cells Company (ACC) joint venture, in particular for the Gigafactory project in Termoli. Appendino and his colleagues also ask that Stellantis bring the design and production of new models back to Italy, keeping its commitment to produce one million vehicles.
Unicredit wants to move to Germany?
While Berlin is starting to sweat coldly over the possibility that one of the most influential banks in the country could end up in foreign hands, the Italian government is asking questions about the offers that Unicredit could present to the German state to convince it of the validity of the operation, including the possibility of transfer la headquarters of the new group in Germany. This concern has been expressed by some members of the Italian Executive, including the Minister of Infrastructure and Transport, Matteo Salvini. Moreover, the transfer of Commerzbank's headquarters from Munich to Frankfurt, the beating heart of the German Stock Exchange, is already being considered. But the CEO Orcel reassures: “As long as I am in charge of the bank, our headquarters will remain in Italy.”
How did the first meeting between Unicredit and Commerzbank go?
Rumors of a possible “headquarters move” to Germany emerged as the two executives met for the first time in a remote call on Friday, September 27. The meeting was described as “constructive and full of possibilities” by those who have followed the situation closely. Despite the CEOs Andrea Orcell e Bettina Orlopp (recently appointed to replace Manfred Knof) did not go into the details of the operation, the atmosphere was positive and free of tension, according to rumours. According to Bloomberg, Orlopp reiterated the German bank's strategy of independence, but expressed his willingness to keep the dialogue open with the new majority shareholder, who controls a potential 21% stake in Commerz. Orcel, for his part, insisted on the importance of a collaborative approach: "It was the classic periodic meeting that a bank has with a financial investor who, having just joined, wants to understand how things are going, beyond the official indications of the balance sheets. An introductory, cordial meeting that did not address strategic issues between us and them, after all we have already said that we are only shareholders and that we want a dialogue with all stakeholders such as Commerzbank itself" the top manager reportedly commented at the end of the meeting, according to what was reported The messenger.
Financial sources suggest that UniCredit could explore several options for a deal, such as merging its subsidiary HVB into Commerz, thus maintaining its listing on the Frankfurt Stock Exchange. Meanwhile, despite the opening messages, in a video message sent to staff on Tuesday on the occasion of her first (official) day in the role of CEO, Orlopp reiterated that Unicredit “could want more” and that its stake in the German bank “it wasn't our choice".
