Stellantis 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 car maker said today.
The planned stoppages will affect the Pomigliano d'Arco, Termoli and Pratola Serra factories on several days during the November 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 US 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 November 1.
In its statement, 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."
