#autobianchi
Italian Government May Force Sale of Two Defunct Stellantis Brands to Chinese Companies
Stellantis might be shedding two of its defunct auto brands, but not by choice. The Italian government is mulling plans to take over Autobianchi and Innocenti and sell them to Chinese companies in an effort to have them build factories in the country.
Both brands are former Fiat divisions, but neither has operated in any official capacity since the 1990s. The Italian government can take control of brands that have been idle for at least five years, though it’s unclear how the process would work or how long it might take.
Chris Teague
Jul 16, 2024
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