Stellantis says will up engine production at Termoli

(ANSA) - ROME, JUN 11 - Stellantis said Tuesday it would raise engine production at its Termoli plant after talks on setting up a gigafactory in the Molise town with Mercedes and Total fell through.
    Stellantis has decided - following joint venture ACC's announcement of the rescheduling of the Gigafactory project's timeline - to boost production of ICS components at the Termoli plant with the decision to develop a new Fiat 500 hybrid for commercial launch in late 2025, early 2026 and to extend the commercial life of the Fiat Panda hybrid until 2029, a company spokesperson said.
    He said Stellantis reiterates "the importance of the Termoli plant for the production of endothermic engines for the group's vehicles, carrying out the CO2 reduction strategy and ensuring the transition". (ANSA).