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Fiat unveils its new Panda car during the celebration of its 125th anniversary, in Turin, Italy, July 11, 2024. Reuters/Massimo Pinca
Fiat unveils its new Panda car during the celebration of its 125th anniversary, in Turin, Italy, July 11, 2024. Reuters/Massimo Pinca
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Stellantis to pause more production in Italy due to tough market conditions

October 16th, 2024 | 11:54 AM BUSINESS Autos & Transportation 1

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By Reuters

Stellantis (STLAM.MI) will next month suspend activities at some assembly and engine plants in Italy, including for the Fiat Panda city car, in response to tough market conditions, the automaker said on Wednesday.

The planned stoppages will affect the Pomigliano d'Arco, Termoli and Pratola Serra factories on several days during the Nov. 11-29 period, Stellantis Italy said in a statement, adding it had informed trade unions.

Stellantis is facing industry-wide challenges such as low demand for more expensive electric vehicles and competition from China. It is also grappling with excess U.S. inventories that have led it to cut profit and cash-flow forecasts.

In Italy, it has already suspended production at the historic Mirafiori plant in Turin, which makes the electric Fiat 500 city car and two Maserati sports cars, until Nov. 1.

In its statement on Wednesday, the Franco-Italian-American group said it was determined to "ensure the continuity" of its Italian operations, but noted it was facing "a challenging path requiring difficult choices and offering no easy solutions."

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