Italy’s Car Part Makers See Their Small Size as a Risk in Stellantis Merger -Survey | Investing News
MILAN (Reuters) – Italian car part suppliers see their small average size struggling to adapt to industry changes following the merger of local carmaker Fiat Chrysler with France’s PSA which created Stellantis earlier this year, a lobby survey showed on Thursday.
Global carmakers are investing billions to accelerate a transition to low-emission mobility, pushing parts makers to adapt their production, with electric engines requiring less and often different components from traditional combustion ones.
Most of the Italian parts suppliers surveyed by Italian automotive industry lobby ANFIA did not give a final judgment about consequences of the creation of Stellantis, the world’s fourth largest carmaker.
But it showed a majority of those who responded think their size could put them under pressure from the bigger carmaker to adapt to its demands.
“There is a problem with size and this is an issue, especially in terms of investments, when businesses need to