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电动汽车市场低迷,Stellantis(STLA.US)继续削减意大利汽车产量

The electric auto market is sluggish, Stellantis (STLA.US) continues to cut car production in Italy.

Zhitong Finance ·  Nov 28, 2024 10:25

Due to weak demand for electric and luxury cars produced in Italy, the auto company Stellantis (STLA.US) will reduce its production in Italy starting next week.

Zhitong Finance APP learned that due to weak demand for electric and luxury cars produced in Italy, the auto company Stellantis (STLA.US) will begin to reduce its production in Italy from next week. The automaker announced on Wednesday that it will halt production at its Mirafiori factory in Turin from December 2 to January 5. This shutdown will affect the Fiat 500 and Maserati GranTurismo and GranCabrio models, all battery-driven.

Stellantis stated that this is due to declining sales of electric cars in Europe, as well as weak demand for luxury cars in the USA and China. The auto manufacturer is struggling to cope with the slowdown in the European auto market and increased competition, having already halted production in Italy multiple times this year.

Stellantis mentioned that electric cars make up 97% of the production at Mirafiori, adding that compared to the same period in 2023, electric urban car sales in Europe have dropped by over half in the first 10 months of this year. In the first nine months of this year, the company's passenger vehicle production in Italy decreased by 41%, intensifying concerns about potential job losses.

Italian Prime Minister Giorgia Meloni's goal is to increase Italy's car production to 1 million vehicles by 2030. CEO Carlos Tavares clashed with the Italian government over electric car incentives and the issue of the company shifting production to low-cost countries.

Stellantis stated on Wednesday that they will need more government funding next year to help cover the costs of restructuring measures, such as temporary shutdowns. Following a decline in profits, the company is cutting costs and announced plans on Tuesday to close a van factory in Luton, United Kingdom.

With weakening demand, the manufacturers of Fiat and Alfa Romeo cars are not the only ones experiencing production cuts. In Germany, Volkswagen is implementing unprecedented layoffs for its namesake brand, including closing up to three factories, laying off thousands of employees, and reducing salaries. Ford Motor is also reducing electric car production in the country and cutting 4,000 jobs in the region.

Stellantis mentioned that certain parts of the Turin facility, such as administrative offices and research facilities, will remain operational. The site has around 13,000 employees.

The translation is provided by third-party software.


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