Rome: The president of the Lower House’s commission of productive activities, Alberto Gusmeroli, announced on Monday that he has formally requested Stellantis Chairman John Elkann to appear before parliament. This follows the unexpected resignation of…
Mumbai: After a six-day-long stopover, the Amerigo Vespucci, the historic training vessel of the Italian Navy, departed from the port of Mumbai shortly after midday on Monday. The vessel’s next scheduled appointment is on December 16, when it will rea…
Rome: There is talk of Carlos Tavares getting a 100-million-euro golden handshake after Stellantis announced on Sunday that he was stepping down as CEO. The speculation is based on reports that he has earned about 40 million euros a year over the last…
Richard Palmer: Richard Palmer has been appointed special advisor to Stellantis Chairman John Elkann and will participate in the interim executive committee, the carmaker said Monday. “Palmer was appointed as Special Adviser to the Chairman and will a…
Rome: Italy’s unemployment rate fell to 5.8% in October, marking a decrease of 0.2 percentage points from the previous month, as reported by Istat on Monday. This decline reflects a positive shift in the country’s labor market dynamics, with significa…
Milan: Italy’s manufacturing sector experienced a significant downturn as the HCOB Italy Manufacturing Purchasing Managers’ Index (PMI) dropped to 44.5 in November, marking its lowest point in a year. This decline follows a previous reading of 46.9 in…
Rome: Italy’s GDP remained unchanged in the third quarter of 2024 compared to the previous three months, showing a modest rise of 0.4% from the same period in 2023, based on seasonally adjusted and calendar-adjusted data released by Istat on Monday.
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Milan: Stellantis’s share price dropped by 7% to 11.65 euros in early trading on Monday after the Italian-French-American carmaker announced late on Sunday that Carlos Tavares has quit as CEO.
According to Ansa News Agency, it had already previously…