Blutec Srl is a brand owned by Metec SpA, created in 2014 by acquiring the Italian automotive company Stola,[1] which was founded in Turin in 1919. It is known for having taken over the former FIAT factory in Termini Imerese.
Activities
Blutec inherited Stola Group activities, namely the production of car components. The production and design is carried out by 10 factories and 6 engineering offices deployed between Italy and Brazil.
In 2016, the company was helped by Invitalia and its 94 million euros to re-employ 120 ex-employees of Fiat Chrysler Automobiles in Termini Imerese, a suburb of Palermo.[2]
In September 2019, the owner of Metec SpA (Roberto Ginatta) and the CEO of Blutec, Cosimo Di Cursi, were investigated by prosecutors in Turin and Palermo for misappropriating 16 million euros from the Invitalia funds.