Huge investment to establish Mirafiori vehicle remanufacturing hub from 2023 and transmission production from 2024.
Stellantis will invest more than €10 million (AUD$14.9m) in building a vehicle remanufacturing facility at its Mirafiori plant in Turin, Italy, CEO Carlos Tavares has confirmed.
The complex, which currently produces the Fiat 500 Electric, will become the company’s Circular Economy Hub from 2023, taking charge of second-hand vehicle reconditioning, dismantling and parts remanufacturing.
This will play a key role in Stellantis’s plan to increase recycling revenues by 10 times by 2030 (compared with 2021). Mirafiori alone is targeting €2 billion (AUD$2bn) in 2030.
The focus on vehicle refurbishment mirrors that of Renault and Toyota.
The former’s Refactory in Flins, France, currently processes around 55 vehicles an hour for resale. These are typically between two and five years old, with fewer than 100,000km on the clock.
Automotive Daily Network partner Autocar previously reported that it takes the Refactory around eight days to turn a second-hand car around for sale – a significant saving on the dealership average of 21 days.
As part of a joint venture with Punch Powertrain, the Mirafiori factory will also ramp up production of dual-clutch automatic gearboxes for hybrid and plug-in hybrid cars from the second half of 2024.
According to an official statement, the site will twin with Stellantis’s factory in Metz, France, to supply all of the group’s car factories in Europe.