Stellantis N.V. (STLA) Prepares to Raise Production Shifts in Italy, Reuters Reports

Stellantis N.V. (NYSE:STLA) is one of the best undervalued stocks to buy under $10. Reuters reported on January 30 that Stellantis N.V. (NYSE:STLA) is preparing to raise production shifts at a number of plants across Italy, introducing new models in pursuit of its goal to raise local production from 2026. In a meeting with Industry Minister Adolfo Urso on Friday, Stellantis Europe head Emanuele Cappellano highlighted the company’s production plans for its several plants in Italy.

Reuters further announced the start of production of the new DS 8 and Jeep Compass at Melfi, adding that the plant would resume a second production shift in the coming weeks. In addition, it was revealed that the group would begin the building of another DS model at Melfi in 2026, which would be followed by the new Lancia Gamma, both in electric and hybrid versions, later in the year.

Reuters also reported that a new model is also set to enter production at the plant by 2028 and that all of Stellantis N.V.’s (NYSE:STLA) Italian plants would remain open with confirmed production allocations through 2032.

Stellantis N.V. (NYSE:STLA) designs, manufactures, distributes, and sells vehicles. The company offers products under various brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall.

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Disclosure: None. This article is originally published at Insider Monkey.