Well there always some tricky part with Carlos , but I guess it could be related to the employment levels of the Italian 80/20 guarantee line-of-credit. So the French corporate & engineering campus would net shrink while a ''centering'' of the new EMEA in Italy .
Carlos is too political for my taste. He's always hiding something. At least that's my feeling after hearing him. He acts like a politician.
I liked Sergio more. His way of telling everything into someone's face.
I don't know why would credit line be the reason for his move to Italy. Maybe he wants to live in a smaller city than Paris but stay in Europe. Although Turin is not small with 866 thousand inhabitants with metro Turin having close to 1.7 million.
I'm not sure how much you'be been looking into merger documents but they said that American brands will be based in Auburn Hills, European in Paris, premium and luxury in Turin. Operational HQ for each of them. But historical brands will keep their seats. Which brands are historical? I would say that the only exception is Fiat which will stay in Turin.
But as I've said PSA has strong brand CEO roles. Actually FCA is not calling them CEO anymore, just Head of the brand.
I don't think that Italian employment rate will be put into question and it wouldn't be even without this loans.
Why?
In my opinion we have two reasons. First reason is state of Italian factories. Most of them are state of the art in car sector, very modern, recently refurbished or completely upgraded. They are so much modern than PSA factories.
The other reason is merger itself. I believe that with this merger Italian brands, especially Fiat, will gain some new cars in its line-up, more models. Actually I believe that Fiat has potential to become the best selling Stellantis brand in the EU. Will French price allow such outcome? Fiat is already outselling Opel and Citroen YTD although it has small and ageing line-up.