According to media reports, John Elkann, Chairman of Ferrari & Stellantis, is one of five people in Italy whose assets have been seized over an alleged tax fraud.The chairman of the two brands had

An Italian judge has seized money and assets worth almost 75 million euros ($84 million) from five people, including Stellantis and Ferrari Chair John Elkann, as part of an investigation into alleged tax fraud,

When it rains it pours for some automakers, it seems. After Stellantis (STLA) struggled through poor sales, falling profits and calls to sell off its brands, a key figure at the Jeep and Fiat owner is now facing a tax evasion case.

The Agnelli and Elkann families are some of the most powerful names in the automotive industry, but John Elkann is taking a big hit today as an Italian judge has reportedly seized some of his funds as part of an investigation into alleged tax fraud.

An Italian judge has seized assets worth around 75 million euros ($84 million) from five people including Stellantis and Ferrari Chair John Elkann over an investigation into alleged tax fraud, the Turin prosecutor's office said on Friday.

An Italian judge has seized assets worth around $84 million from five people including Stellantis and Ferrari Chair John Elkann.