Archive · Chronicle · Memory Anteprima Turin, Italia
TORINOMIA
en

Stellantis

Automotive group born in 2021 from the merger of FCA and PSA; in Turin it has the Mirafiori hub, heir to the historic FIAT factory.

Image from the Il Post publication
From the Il Post publication, 2021-01-10

Stellantis is the multinational automotive group born on 16 January 2021 from the merger between Fiat Chrysler Automobiles (FCA) and the French Groupe PSA, owner of Peugeot, Citroën and Opel.[1] It is legally headquartered in Amsterdam with general management in Paris, but in Turin it retains the Mirafiori complex, the historic FIAT factory, now turned into a hub combining production, design, recycling and several of the group's management functions.[2][3] For the city, its story is the most recent chapter in over a century of the car industry, with its burden of announced investments, layoffs and public debate on the future of employment.

The merger between FCA and PSA

The agreement between the two groups was announced on 31 October 2019; the shareholders' meetings approved the deal in January 2021.[1] The name chosen for the new company comes from the Latin verb stello, “to be lit up with stars”.[1] At its birth the group was the world's fourth-largest carmaker: 8.7 million vehicles sold in 2019, about 400,000 employees split almost evenly between the two founding companies, and combined revenue estimated between 167 and 180 billion euros.[1][2]

The largest shareholder became Exor, the Agnelli family's holding company, with 14.4%, followed by the Peugeot family (7.2%), the French State through Bpifrance (6.2%) and China's Dongfeng (5.6%).[1] The chairmanship went to John Elkann, already chairman of FCA; the Portuguese Carlos Tavares, who had led PSA, was appointed chief executive. On the first eleven-member board of directors sat also Andrea Agnelli.[1][2] Stellantis shares debuted in Milan and Paris on 18 January 2021 and in New York the following day.[2]

Mirafiori, from factory to hub

During the Tavares years the Mirafiori site changed its character. In April 2024 the group presented the “Mirafiori Automotive Park 2030” project, a 240-million-euro initiative, and started production in the complex of electrified dual-clutch transmissions (eDCT), with planned capacity of 600,000 units a year.[4] Alongside the assembly lines, which at the time built the electric Fiat 500, the Abarth 500e and the Maserati GranTurismo and GranCabrio (over 90% exported), a centre for battery development and testing arrived, along with the style centres of six brands, the global headquarters of the Pro One commercial vehicles business, software activities for assisted driving and data services.[4]

On 23 November 2023 Mirafiori had seen the opening of SUSTAINera, the group's first circular-economy hub: 73,000 square metres, largely recovered from existing sheds, where engines, transmissions and batteries are regenerated, end-of-life vehicles are dismantled and used cars are reconditioned. The declared investment was 40 million, with 170 employees at opening and the goal of reaching about 550 by 2025.[5]

On 17 December 2024, at a meeting with the Ministry of Enterprises and Made in Italy, Stellantis presented the so-called Piano Italia: 2 billion euros of investment in Italian plants in 2025 and 6 billion in purchases from domestic suppliers. For Turin the plan confirmed the hybrid 500, the future generation of the electric 500, the eDCT transmissions, and established that from 1 January 2025 Mirafiori would be the seat of the group's European Region.[3]

Tavares's departure and Filosa's arrival

Carlos Tavares left his post on 1 December 2024. In a letter to employees John Elkann explained that “in recent weeks different views have emerged” and that the board felt a “long-term” orientation was needed; until the appointment of a successor, expected in the first half of 2025, the company was entrusted to an executive committee.[6]

«I will always be grateful to him for the role he played in creating Stellantis.»

John Elkann, letter to employees on Carlos Tavares, December 2024

On 28 May 2025 the board chose as new chief executive Antonio Filosa, an Italian engineer who had spent twenty-five years rising through Fiat, an executive in South America, then head of Jeep from 2023 and of the group's US operations. He took office on 23 June 2025.[7]

The hybrid 500 and the numbers of the crisis

In mid-November 2025 series production of the Fiat 500 Hybrid began at Mirafiori, celebrated on 25 November in the presence of minister Adolfo Urso, the president of the Region Alberto Cirio and the mayor Stefano Lo Russo. The group announced a second shift from March 2026 with about 400 new jobs and, on the same day, the start of restoration works on the Palazzina Uffici on corso Agnelli, 61,000 square metres to be completed by 2027.[8] “This day represents a new momentum for Turin and for Mirafiori, places that symbolize our history and our future,” Elkann said on that occasion.[8]

The context remained difficult. According to Fim Cisl's annual report, in 2025 Stellantis produced 379,706 vehicles in Italy, 20% fewer than the previous year, and just 213,706 cars: in two years volumes have halved compared with the 751,384 vehicles of 2023. Mirafiori, bucking the trend, rose to 30,202 units (+16.5%), and in 2026 the hybrid 500 could add 100,000 units.[9] For Fim Cisl's general secretary, Ferdinando Uliano, “it is necessary to bring forward the timing of the new industrial plan” and “investments and models are needed”.[9]

The FaSTLAne 2030 plan and Turin

In May 2026, from the US headquarters in Auburn Hills, Filosa presented the FaSTLAne 2030 plan: 60 billion euros of investment by the end of the decade, 60 new models and four global brands (Jeep, Ram, Peugeot and Fiat), while Alfa Romeo, Opel, Citroën, Chrysler and Dodge become regional brands. The group, with 2025 revenue of around 154 billion, promised not to close plants in Italy; for Mirafiori the plan mentioned only an increase in hybrid 500 production.[10]

In Turin the reaction was immediate. The AVS and Lega group leaders in the Regional Council proposed a joint open council session between the City of Turin and the Piedmont Region; according to AVS council members, the announced investments and new models “provide for nothing for Mirafiori and Piedmont”; the Fiom union called for a second model and a new production line.[11] In September 2026 the company announced a new period of layoffs for 19-30 October for about a thousand workers on the 500 line, attributing it to weak market demand and energy costs, while claiming to have produced more cars in the first half of the year than in all of 2025.[12]

Chronology

  • — Stellantis announces layoffs from 19 to 30 October for 1,074 workers at the Mirafiori body shops on the electric and hybrid Fiat 500 line. → ANSA Piemonte TorinoOggi
  • — John Elkann, chairman of Stellantis, makes his debut on LinkedIn with a first post dedicated to Turin and innovation, inviting people to follow Wave by Vento, the tech conference scheduled at the Ogr from 7 to 9 October. → ANSA Piemonte TorinoOggi

Related articles: FIAT, John Elkann, Sergio Marchionne, Stabilimento di Mirafiori

Pages linking here

Sources

  1. Il Post — 10 January 2021
  2. Quattroruote — 16 January 2021
  3. Ministero delle Imprese e del Made in Italy — 17 December 2024
  4. Stellantis — 10 April 2024
  5. Stellantis — 23 November 2023
  6. Il Fatto Quotidiano — 2 December 2024
  7. Il Post — 28 May 2025
  8. Stellantis Media — 25 November 2025
  9. ANSA — 7 January 2026
  10. Il Post — 22 May 2026
  11. Torino Oggi — 26 May 2026
  12. ANSA — 22 September 2026

Report a mistake.