Stellantis sells office in historic Lingotto complex

TURIN — Stellantis will sell its 20,000 square meter office space in Turin’s historic Lingotto complex to a software company to further reduce the automaker’s property costs.

The building, which has a test track on its roof, was designed by the famous Italian architect of French origin Giacomo Mattè-Trucco.

It served as the factory and headquarters of the Stellantis Fiat brand from 1923 to 1939. It was also used by the Fiat group from 1998 to 2020.

It was then that the remaining staff were transferred to the brand’s neighboring factory in Mirafiori by Fiat Chrysler Automobiles, which merged with the French group PSA last year to form Stellantis.

The Lingotto office complex has been sold to Italian software company Reply, a spokesperson for Stellantis told Automotive News Europe. No value was given for the transaction, which requires approval from Italian architectural authorities due to the building’s historical significance.

Stellantis remains co-owner of the former car factory transformed into a convention center and shopping center, as well as the rooftop track and the Casa 500 museum at Lingotto.

The PSA Group has also taken action in recent years to reduce its real estate assets. In 2017, PSA moved from its longtime Paris headquarters near the Arc de Triomphe to the suburb of Rueil-Malmaison.

Three years later, PSA continued its decentralization, moving senior management and support functions to its technical center in Vélizy west of Paris, and others to its factory complex in Poissy, also east of Paris. west of Paris.

Stellantis is also looking to reduce its non-production sites in the Paris region to three from five, a spokesperson said, adding that sites in Satory and Trappes were likely to close.

Stellantis says it has no plans to leave its US headquarters in Auburn Hills, Michigan.

As a company registered in the Netherlands, Stellantis has its head office and some permanent employees in Amsterdam. The company’s monthly board meeting takes place in the city, where CEO Carlos Tavares will unveil the group’s strategic plan on March 1.

Mary I. Bruner