Italy's Minister of Enterprises and Made in Italy, Adolfo Urso, has outlined plans to increase automotive production in Italy after over two decades of consistent decline. In response to questions about Stellantis' CEO stating that production will be increased where it's most cost-effective, Urso mentioned that negotiations with Stellantis will resume in late August, aiming to finalize a work plan and development agreement by mid-September. This plan includes increasing production volumes of both cars and commercial vehicles, strengthening engineering and research centers, enhancing plant efficiency, and accelerating investments in energy transition. The goal is to reach a production level of one million vehicles, contributing significantly to Italy's economy and employment. Urso also emphasized progress in gas supply, noting that gas storage levels have reached 90%, with the arrival of the rigassification ship Golar Tundra in Piombino. He expressed confidence that Italy could achieve energy independence, particularly from Russia, by 2023. As for the dual transitions towards green and digital, Urso underlined that while this represents a monumental epochal revolution, it must not harm businesses or detract from the excellence of Italy's Made in Italy brand. The minister stressed the importance of involving everyone in the efforts to minimize costs while driving progress.
Regarding the Silk Road Initiative, Urso mentioned that the government would pronounce its stance in the coming weeks, focusing on minimizing political risks and maximizing commercial opportunities. While acknowledging China's importance as a trading partner, he highlighted that Italy exports more to Austria than to China. He pointed out that the Italian trade balance has worsened since the Silk Road agreement was signed, whereas other European countries, like France and Germany, continued their trade without such agreements. Urso concluded by discussing a need for a comprehensive reform of incentives to empower companies with innovative growth opportunities and mentioned the Transizione 5.0 plan aimed at fostering innovation through tax credits and focusing on technology, digital sustainability, education, and instrumentation.
