October 16, 2024 11:49 AM
Stellantis is facing industry-wide challenges such as low demand for more expensive electric vehicles and competition from China.
FIAT
Stellantis is pausing Fiat Panda production. Shown is the Panda 4×4.
MILAN — Stellantis will next month suspend activities at some assembly and engine plants in Italy, including for the Fiat Panda, in response to tough market conditions.
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 on Oct. 16.
In Italy, the automaker has already suspended production at the historic Mirafiori plant in Turin, which makes the Fiat 500e battery-electric city car and two Maserati sports cars, until Nov. 1.
Stellantis 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.”
European sales of the Panda fell to 3,873 in August from 6,505 in the same month in 2023, according to market researchers Dataforce.
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.
Sign up for free newsletters
