His comments came after last week saying it needed electric-car incentives to keep its Italian plants working at full capacity.

As well as the head of State, the Agnelli heir saw Economy Minister Giancarlo Giorgetti, US Ambassador to Italy Jack Markell, and Bank of Italy Governor Fabio Panetta.

The meetings provided an opportunity to take stock of the group’s Italian activities, sources said.

Elkann reportedly reiterated his commitment to implementing the industrial projects underway and to the activities of common interest that were the subject of recent talks at the transport ministry.

Elkann on Monday denied rumours that Stellantis is set to merge with Renault.

Stellantis also told unions Monday that there will be a whole month of lay-offs in March for the 3000 workers at its historic Mirafiori plant in Turin.

ANSA