Alberto Brambilla

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Stellantis NV is reducing output in Italy starting next week due to weak demand for the electric and luxury cars it’s producing there.

A fuel depot owned by Eni SpA near Florence, Italy suffered an explosion and fire on Monday, the company said in a statement.

An explosion occurred Monday at a storage facility for transport fuels in northern Italy owned by Eni SpA, one of Europe’s biggest fuel suppliers.

Italy is in talks with carmaker Stellantis NV on commitments to protect jobs and support suppliers as Chairman John Elkann seeks a new course for the Fiat and Alfa Romeo maker that recently ousted its boss.

The Italian government is willing to work with Stellantis NV as the carmaker charts a new course as long as it keeps jobs and factories in the country, Prime Minister Giorgia Meloni said.

Italy is planning to amend existing legislation on power distribution concessions in exchange for commitments from utilities to upgrade their networks.

Stellantis NV on Tuesday pledged to produce new models in Italy as part of its recent efforts to pull back from a drastic car production cut in the country, which had infuriated unions and the government.

Stellantis NV vowed to replenish its Italian plants with new models over the next few years as part of an ongoing push to repair relations with government and union leaders infuriated by dramatic declines in production.

Italy’s Ferrovie dello Stato Italiane SpA is set to receive a €2 billion ($2.1 billion) loan from Intesa Sanpaolo SpA, which would help the state-controlled rail operator fund maintenance and beef up its infrastructure.