Dongfeng, the settlement with Paolo Berlusconi to promote in Italy seems | EUROtoday

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For Dongfeng, one of many largest Chinese automotive producers, an settlement for business distribution somewhat than manufacturing could possibly be nearer in Italy. According to Affari Italiani, the Pbf holding firm, of which Paolo Berlusconi has 51.7% and of which his daughter Alessia is a minority shareholder, would have acquired a ten% stake in Df Italia srl.

A number of days in the past in Milan, Affari Italiani stories, a newco was arrange, in entrance of the notary Dario Cortucci, by Pbf and Car Mobility (Cm) srl, which holds 90%. Cm stories, by means of its mum or dad firm Tailor Finance, to Bruno Mafrici, an knowledgeable in worldwide markets and innovation, founding father of the group of Italian and Swiss corporations known as M Management and BM Advisory, chief in company monetary consultancy for the automotive sector.

What issues most, we learn once more within the Affari Italiani article, is that the brand new firm, of which Mafrici himself was appointed sole director, would have as its object «commerce in Italy and overseas, the import/export of motor automobiles” and the resale activity. Df Italia would therefore be the Italian branch of Dongfeng, a state-owned giant, one of the largest car manufacturers in China, which like other Dragon groups wants to grow in Europe through exports, as well as producing on the soil of the Old Continent.

Until two weeks ago it appeared that Dongfeng was aiming to create a production hub for over 100 thousand vehicles in our country. The car manufacturer was reportedly in an initial stage of negotiations with the Government.

The curiosity was declared by the pinnacle of operations in Europe, Qian Xie. As is thought, Italy is attempting to draw funding from one other automaker to the nation after current tensions with Stellantis over its plan to extend manufacturing to at least one million automobiles a yr.