ROME, Feb 2 (Reuters) – Car maker Stellantis has an “unbalanced, absolutely not equal” shareholding structure between its French and Italian shareholders, Italian Industry Minister Adolfo Urso said on Friday.
Stellantis’ board of directors has 11 members: five chosen by its largest shareholder Exor, the investment company controlled by the Italian Agnelli family, five representing French shareholders, plus chief executive Carlos Tavares, who is Portuguese.
The Italian Minister of Industry suggested Thursday that the Italian government take a stake in the capital of Stellantis, like the French state which holds 6% of the car manufacturer resulting from the merger in 2021 of PSA Peugeot-Citroën ( PSA) and Fiat Chrysler Automobiles (FCA).
Group governance was established when Stellantis was created.
Rome, in conflict with the automobile group over production levels in the country, has also announced 950 million euros in subsidies to help drivers opt for less polluting cars and stimulate the automobile sector. (Report by Giuseppe Fonte, written by Alvise Armellini, French version Diana Mandiá, edited by Sophie Louet)
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