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Italian Government Threatens to Pull Public Funds if Stellantis Doesn't Follow Through On Planned Battery Factory
The Italian government has given Stellantis hundreds of millions of dollars to build a battery plant, but the country may pull that funding if the automaker doesn’t firmly commit to the project. It warned that it would move funds elsewhere if the company isn’t willing or able to follow through on its promise to build the facility, but the joint venture between Stellantis and others delayed the factory and others earlier this year.
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