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REUTERS/Gonzalo Fuentes/File PhotoItaly aims to spur total investments of more than one billion euros ($1.22 billion) to build an electric car battery factory with car maker Stellantis (STLA.MI) expected to play a leading role, three government sources told Reuters. But it is confident this could trigger further investments from industrial and financial partners to bring the total to more than one billion euros, the sources said. The document targets some 1.8 billion euros in funding by that date though one ministry source said this was unlikely. Stellantis, the world's fourth largest carmaker, currently has two gigafactory projects in Europe, in France and in Germany, with overall investments of 5 billion euros. read more"There's a lot of competition... we'll have to offer a strong strategy and a credible team," the ministry source said.
Persons: Gonzalo Fuentes, Stellantis, Roberto Cingolani Organizations: REUTERS, Reuters, Funds, Fiat Chrysler, PSA, Energy, ACC, Thomson Locations: Saint, Yvelines, Paris, France, Italy, Brussels, Rome, Europe, Germany, United States, Spain
Stellantis discussing conditions with Rome to build gigafactory in Italy - source
  + stars: | 2021-06-01 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Gonzalo Fuentes/File PhotoStellantis (STLA.MI), is discussing conditions with Rome to build a gigafactory in Italy as part of the carmaker's plan to support its expansion into electric mobility, a source close to the matter said on Tuesday. These conditions will have to be studied with Italian authorities," the source said, adding that nothing had yet been decided. In its 205 billion euro ($251 billion) recovery plan, Italy will spend almost 24 billion euros on the transition to cleaner energy and sustainable mobility. As part of this, Rome plans to invest one billion euros to enhance its battery, and solar and wind power industries. "An exchange took place on the principle of the coverage of Stellantis needs in batteries, and given the group produces numerous vehicles in Italy, there would be a shared interest in discussing the conditions of a gigafactory in Italy," the source said.
Persons: Gonzalo Fuentes, Stellantis, Carlos Tavares, John Elkann, Giancarlo Giorgetti Organizations: REUTERS, Fiat Chrysler, Peugeot, PSA, Thomson Locations: Saint, Yvelines, Paris, France, Rome, Italy, Stellantis, Europe, United States, Germany, TotalEnergies
Paris streets empty as COVID-19 curfew takes effect
  + stars: | 2020-12-15 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A deserted Champs-Elysees avenue is seen near the Arc de Triomphe during the nightly curfew imposed to curb the spread of the coronavirus disease (COVID-19) in Paris, France, October 27, 2020. “I completely lost track of time and didn’t realise it was so late,” said 40-year-old Paris resident Jun, who was in the Opera district just before curfew. “I’m going to head home.”Around the usually bustling shopping district, shop fronts were dark and of the few people on the streets, most were heading towards the metro station. But that was replaced instead with a nightly curfew. Interior Minister Gerald Darmanin on Tuesday evening joined a police patrol in Yvelines, west of Paris, to check that people were complying.
Persons: Triomphe, Charles Platiau PARIS, , Jun, “ I’m, Gerald Darmanin Organizations: REUTERS, Locations: Paris, France, Opera, Yvelines
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