A recent war of words between Italian Prime Minister Giorgia Meloni and Stellantis CEO Carlos Tavares has exposed a tough new reality: Europe's one-time homegrown national automakers have become global players ready to exploit the EU's overcapacity of car factories to obtain better government deals. Fiat output has been falling as European sales have stagnated and Stellantis has shifted production to other countries in its sprawling global network.
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