Stellantis Faces Production Challenges in Italy Amid Weak Electric Vehicle Demand

The Italian automotive industry group FIM-CISL has reported that Stellantis is expected to reduce its vehicle production in Italy to below 500,000 units this year, down from 751,000 units in 2023. This reduction is primarily due to continued weak market demand, especially in the electric vehicle segment. FIM-CISL leader Ferdinando Uliano warned that if current trends persist into the fourth quarter, the annual production of cars could fall below 300,000 units, with van production around 200,000 units. These ...