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Stellantis to extend production of ICE Fiat Panda city car to 2030, CEO says

April 10, 2024 at 10:39 am EDT

(Fixes typo in headline)

TURIN (Reuters) - Stellantis Chief Executive Carlos Tavares said on Wednesday the automaker would extend the production of its best-selling Fiat Panda petrol city car to 2030, in a bid to bring affordability to clients.

The internal combustion engine version of the Panda, which is produced in Pomigliano d'Arco near Naples, was scheduled to be phased out in 2027, while a brand new, electrified version of the vehicle is expected to be launched later this year.

"We hear fake news that Stellantis wants to leave Italy. We're investing heavily in Italy,° Tavares said, while inaugurating Stellantis' facility for the production of electrified dual-clutch transmissions (eDCT) for hybrid and plug-in hybrid electric vehicles, within the group's Mirafiori complex in Turin.

(This story has been refiled to fix typo in the headline)

(Reporting by Giulio Piovaccari, editing by Alvise Armellini)

Stocks mentioned in the article

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	STELLANTIS N.V.	23.22 EUR	+0.78%	-4.15%	94.79B
	STELLANTIS N.V.	23.21 EUR	+0.76%	-4.21%	94.79B

Carlos Tavares

Carlos Tavares is a Portuguese businessperson who has been at the head of 7 different companies and holds the position of Chief Executive Officer & Executive Director at Stellantis NV and Chairman at Peugeot Citroën Automobiles SA (a subsidiary of Stellantis NV). Mr. Tavares is also on the board of Airbus SE and Airbus Holding SA and Chairman at Fondation PSA Peugeot Citroën. Mr. Tavares previously held the position of President of European Automobile Manufacturers Association, Chief Operating Officer of Renault SA, Director at Nissan Motor Co., Ltd. and Chairman & President for Nissan North America, Inc. (a subsidiary of Nissan Motor Co., Ltd.), General Manager-Micro Enterprise at Bed & Breakfast Association of Kentucky, Member-Managing Board at Renault-Nissan-Mitsubishi Alliance, Chairman-Supervisory Board at Opel Automobile GmbH and Chairman-Management Board at Peugeot SA. Mr. Tavares received an undergraduate degree from École Centrale Paris.

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Linked companies
Stellantis Auto SAS Stellantis Auto SAS Motor VehiclesConsumer Durables Peugeot Citroën Automobiles SA engages in industry and motor trade services. It specializes in the design, development, maintenance, and repair of Peugeot and Citroën motor vehicles. The company was founded on February 11, 1999 and is headquartered in Vélizy-Villacoublay, France.	Chairman
Stellantis España SL Stellantis España SL Motor VehiclesConsumer Durables Part of Stellantis NV, Stellantis España SL is a car manufacturer based in Figueruelas, Spain. Stellantis España SL offers a range of car models at competitive prices and deals, as showcased on their official website. The CEO of the Spanish company is Carlos Tavares.	Chief Executive Officer