Defunct Stellantis brands could be sold to China by Italian government

Defunct Stellantis brands could be forcibly taken over by the Italian government and sold to Chinese companies to persuade them to set up factories in the country. The plans being worked up by Italy's industry ministry involve Autobianchi, best known as an upmarket city car maker, and Innocenti, made famous for building an Italian version of the Mini in the 1960s and 1970s. Both Fiat-owned brands shut down in the 1990s. A report from Italian newspaper Il Sole 24 Ore claims the ministry has registered new versions of the two brands, which include fresh graphics that differ from the originals. Related articles This unconventional move is able to get the green light because of new laws passed by prime minister Giorgia Meloni's nationalist government last year concerning brands that have been dormant for at least five years.