Stellantis Extends Fiat 500 Electric Production Halt Due To Low Demand

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Stellantis (NYSE:STLA) will prolong the suspension of its Fiat 500 electric city car production until Nov.1, citing weak demand.

The company informed trade unions that the European electric car market is “in deep trouble,” according to a statement, Reuters reported on Tuesday.

A global decline in electric vehicle (EV) sales, partly due to inconsistent green incentive policies, has led automakers worldwide to revise their EV strategies.

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Category: Technology

Markets: United StatesItaly

Topics: Mobility General Tech Fiat 500E Pooja Rajkumari Stories That Matter News Benzinga STLA EVs

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Article Type: News Report

Published On: 2024-10-01 @ 11:39:10 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 16 lines

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Copyright Owner: © Benzinga

News ID: 22837039

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