Stellantis To Stop Fiat 500e Production For 4 Weeks In Italy Due To 'Profound Difficulties' In European EV Market

Quick Summary:

What Happened: "The measure is necessary due to the current lack of orders linked to the profound difficulties experienced in the European electric [car] market by all producers, particularly the European ones,” the company told The Guardian.

Italian automaker Stellantis NV (NYSE:STLA) will reportedly halt the production of its electric Fiat 500 for four weeks starting Friday at the Mirafiori factory in Turin due to a lack of demand in the European market.

The company added that it is working “hard” to manage the transition.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChinaItaly

Topics: STLA Tech Benzinga Mobility News Fiat 500E Media EVs Electric vehicles Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 12:17:22 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22492878

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