Italy to help auto sector, minister says

Italy’s latest stimulus package, aimed at helping the economy overcome the coronavirus pandemic, will include assistance for the auto and tourism sectors, Economy Minister Roberto Gualtieri said.

The government has said it will present the measures, worth a total 25 billion euros ($29.32 billion), in an emergency decree early in August.

A source told Reuters this month that slightly less than 1 billion euros would be allocated to strengthen current incentives to encourage sales of state-of-the-art combustion engine cars as well as electric and hybrid vehicles.

Addressing a parliamentary committee on Tuesday, Gualtieri did not provide details.