Blutec
Blutec is an Italian automotive-components brand created through the acquisition of Stola and associated with the redevelopment of the former Fiat factory at Termini Imerese.
Last updated August 26, 2026
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Overview
Blutec S.r.l. is an Italian automotive-components brand owned by Metec S.p.A. It was established in 2014 after Metec acquired Stola, a Turin-based automotive company whose origins date to 1919. Through the Stola activities inherited by the new organization, Blutec operated in the design and manufacture of components for the automotive industry rather than selling vehicles directly under its own name. The brand became particularly associated with the former Fiat manufacturing complex at Termini Imerese in Sicily. After Fiat Chrysler Automobiles ended vehicle production there, Blutec was selected as part of an industrial-redevelopment effort intended to preserve employment and establish new automotive-related activities. In 2016, Invitalia provided support reported at €94 million for a plan intended to re-employ 120 former FCA workers at Termini Imerese. The project placed Blutec at the center of a wider Italian industrial-policy effort involving the conversion of a major former vehicle-assembly site into a supplier and component-production hub. Blutec’s inherited activities included engineering, product development, and manufacturing of automotive components. According to the available reference material, production and design were organized through 10 factories and six engineering offices located in Italy and Brazil. This footprint reflected the company’s connection to the former Stola Group and its role as a contract manufacturer and engineering supplier for the automotive sector. The company and its owners later became the subject of criminal investigations concerning the use of public redevelopment funds. In September 2019, prosecutors in Turin and Palermo investigated Metec owner Roberto Ginatta and Blutec chief executive Cosimo Di Cursi over allegations that €16 million from Invitalia funding had been misappropriated. In June 2020, Roberto Ginatta was imprisoned, while Matteo Orlando Ginatta and Giovanna Desiderato were placed under house arrest in proceedings concerning the alleged fraudulent diversion or sequestration of a substantial portion of the Blutec-Invitalia funds. These events severely damaged the credibility of the Termini Imerese redevelopment plan and the company’s public standing. Metec S.p.A. was declared bankrupt on 20 December 2020. The available material does not establish whether the Blutec brand continued operating independently after the bankruptcy, nor does it provide a current corporate website or verified present-day ownership structure. Blutec is therefore best characterized as an automotive-components brand with an uncertain current status, historically linked to Metec, Stola, contract manufacturing, and the contested redevelopment of Termini Imerese.
History
Blutec was created in 2014 by Metec S.p.A. through the acquisition of Stola, an Italian automotive company founded in Turin in 1919. The new brand inherited Stola Group activities in automotive-component production, engineering, and design. Rather than functioning primarily as a consumer-facing vehicle marque, Blutec operated as an industrial supplier and contract manufacturer for automotive customers. The company’s reported operating structure included 10 factories and six engineering offices distributed between Italy and Brazil. Its activities covered the development and production of vehicle components and related engineering work. The Stola connection gave Blutec a long industrial lineage in automotive manufacturing and design, while the new corporate identity positioned the business for further component production and industrial projects. Blutec’s most visible project was its involvement with the former Fiat factory at Termini Imerese, near Palermo in Sicily. Fiat Chrysler Automobiles had ended vehicle production at the site, creating a major employment and regional-development challenge. Blutec was involved in a plan to repurpose the complex for automotive-related production and to bring former FCA employees back into work. In 2016, Invitalia support of €94 million was associated with a plan to re-employ 120 former FCA workers. The project was presented as an industrial transition from vehicle assembly toward component manufacturing and related activities. The Termini Imerese plan subsequently became the focus of criminal proceedings. In September 2019, prosecutors in Turin and Palermo investigated Roberto Ginatta, the owner of Metec, and Cosimo Di Cursi, Blutec’s chief executive, over allegations that €16 million from Invitalia funds had been misappropriated. The allegations concerned public funds intended to support the company’s industrial and employment commitments. The proceedings brought intense scrutiny to the management of the redevelopment project and to the relationship between Blutec, Metec, and public authorities. In June 2020, Roberto Ginatta was incarcerated, while Matteo Orlando Ginatta and Giovanna Desiderato were placed under house arrest in connection with the case involving the alleged fraudulent diversion or sequestration of a substantial portion of the Blutec-Invitalia funds. The available reference does not establish the final judicial outcomes of those proceedings and they should not be treated as convictions without further authoritative documentation. On 20 December 2020, Metec S.p.A. was declared bankrupt. The bankruptcy marked a major break in the corporate history of Blutec and cast doubt on the continuation of its operations and on the future of the Termini Imerese industrial project. The available sources do not confirm whether Blutec remained active under another owner, entered liquidation, or continued selected activities after Metec’s bankruptcy. Its current status is therefore recorded as unknown.
- 2020
Executives are subjected to arrest measures
[1]Roberto Ginatta is incarcerated, while Matteo Orlando Ginatta and Giovanna Desiderato are placed under house arrest in the funding case.
- 2020
Metec is declared bankrupt
[1]Metec S.p.A., the owner of Blutec, is declared bankrupt on 20 December.
- 2019
Investigations begin into public-fund use
[1]Prosecutors in Turin and Palermo investigate Metec owner Roberto Ginatta and Blutec CEO Cosimo Di Cursi over alleged misappropriation of €16 million from Invitalia funds.
- 2016
Termini Imerese redevelopment plan receives Invitalia support
[1]A reported €94 million in Invitalia support is associated with a plan to re-employ 120 former FCA workers at the former Fiat plant.
- 2014
Blutec is established through the acquisition of Stola
[1]Metec creates Blutec after acquiring Stola and incorporates its automotive-component and engineering activities into the new brand.
- 1919
Stola is founded in Turin
[1]Stola, the Italian automotive company whose activities were later inherited by Blutec, is founded in Turin.
Products and positioning
An automotive engineering and component-manufacturing brand serving industrial customers, with a particular public profile arising from its attempted conversion of the former Fiat site at Termini Imerese.
Automotive components · 2014
Automotive components
Blutec’s core activity was the production of components for vehicle manufacturers and other automotive customers. The brand inherited this industrial capability from Stola Group and was associated with manufacturing operations in Italy and Brazil.
Engineering services · 2014
Automotive engineering and design
The company also carried out automotive design, engineering, and product-development work through a network of engineering offices. These activities supported the development and industrialization of components and related vehicle systems for business customers.
Automotive contract manufacturing · 2016
Termini Imerese industrial project
Blutec participated in the proposed conversion of the former Fiat factory at Termini Imerese into an automotive-related production and employment center. The project was connected with plans to manufacture components and re-employ former FCA workers.
Controversies
2020
Arrests and house arrests in the Blutec funding case
Roberto Ginatta was incarcerated, while Matteo Orlando Ginatta and Giovanna Desiderato were placed under house arrest in proceedings concerning alleged fraudulent diversion of Blutec-related public funds.
2019
Investigation into alleged misuse of Invitalia funds
Turin and Palermo prosecutors investigated Metec owner Roberto Ginatta and Blutec CEO Cosimo Di Cursi over allegations that €16 million in Invitalia support had been misappropriated. The available reference does not establish the final judicial disposition.
Brand decisions
2016
Blutec takes part in the Termini Imerese conversion planStrategyBackground
The closure of Fiat vehicle production at Termini Imerese created a need for alternative industrial activity and employment.
Action taken
Blutec pursued an automotive-component and employment-redevelopment project at the former Fiat facility with Invitalia support.
Aftermath
The project became the subject of investigations into the alleged use of public funds, and the owner Metec was later declared bankrupt.
Invitalia support associated with the employment plan. EUR 94 million (2016)
2014
Metec acquires Stola and creates BlutecM&ABackground
Metec sought to organize Stola’s established automotive-component and engineering activities under a new brand.
Action taken
The Stola business was acquired and its activities were carried forward under Blutec.
Aftermath
Blutec became associated with automotive component manufacturing, engineering, and contract-production activities in Italy and Brazil.
Recent events
- 2020
Metec is declared bankrupt[1]
Bankruptcy
Metec S.p.A., Blutec’s owner, was declared bankrupt on 20 December 2020, leaving the brand’s subsequent operating status unclear.
- 2016
Invitalia supports Blutec employment plan at Termini Imerese[1]
Other
Blutec received reported support of €94 million from Invitalia for a plan intended to re-employ 120 former FCA workers at the former Fiat site in Termini Imerese.
Sources2 sources
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