Giulio Piovaccari

Europe's top carmakers count mounting cost of chip crunch

8:01am EDT

LONDON (Reuters) -The global semiconductor chip shortage cost Volkswagen and Stellantis a combined 1.4 million vehicles in lost production in the third quarter, Europe's two biggest carmakers said on Thursday, though both reported some early signs of improvement.

Stellantis sales drop as chip crisis cuts output by 600,000

3:55am EDT

MILAN (Reuters) -Stellantis, the world's fourth largest automaker, on Thursday reported a 14% fall in third-quarter revenue on a pro-forma basis after semiconductor shortages cut planned quarterly production by 30%, or 600,000 vehicles.

Italy, UniCredit fail to clinch Monte dei Paschi rescue deal

Oct 24 2021

LONDON/MILAN (Reuters) -Italy on Sunday ended talks with UniCredit over the sale of Monte dei Paschi di Siena (MPS) in a major setback to years-long efforts by the Rome government to return the ailing Tuscan bank to private hands.

Exclusive-Italy woos Intel over multibillion-euro chip plant -sources

Oct 22 2021

MILAN/ROME Rome is drawing up an offer to try to convince Intel to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner to land an even bigger megafactory planned by the U.S. company, three sources said.

'We are listening': Italy says leaders will heed young activists' climate calls

Sep 30 2021

MILAN (Reuters) -Italian Prime Minister Mario Draghi pledged on Thursday that world leaders would listen to the demands of young climate activists ahead of the United Nations COP26 summit in November, after a meeting in Milan with Greta Thunberg.

Thunberg and other youth activists meet Draghi to push on climate talks

Sep 30 2021

MILAN, Sept 30 Youth climate activists including Greta Thunberg are meeting Italy's Prime Minister and current president of the G20 Mario Draghi on Thursday in a final push to get world leaders to match rhetoric with action before the U.N. COP26 climate summit.

Young activists table proposals for Glasgow climate talks

Sep 29 2021

MILAN Young activists on Wednesday tabled a slate of proposals for inclusion in the COP26 climate agenda, a day before Italian Prime Minister Mario Draghi meets Swedish campaigner Greta Thunberg.

Stellantis' Italian manager faces extradition to U.S. in diesel emissions probe

Sep 29 2021

(Reuters) -Sergio Pasini, a manager at former carmaker Fiat Chrysler (FCA), now part of the Stellantis group, was released on Wednesday after being arrested two days before as part of a U.S. inquiry into diesel emissions rigging, a source familiar with the matter said.

'30 years of blah blah blah': Thunberg questions Italy climate talks

Sep 28 2021

MILAN (Reuters) -Greta Thunberg and fellow youth campaigners struck a sceptical tone for this week's climate talks in Italy, saying much has been promised but little done to tackle global warming in almost three decades since the landmark Earth Summit. | Video

World News

Sudanese army faces widening opposition to takeover

KHARTOUM (Reuters) -The Sudanese army was facing widening opposition on Thursday to this week's coup, with state officials in Khartoum vowing disobedience and activists mobilising mass demonstrations planned for the weekend.