Analysis

Stellantis Italy output falls 37% in 2024, automotive manufacturing hits 68-year low

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Workers works at the manufacturing flooring of the SUSTAINera Round Financial system Hub at Stellantis NV’s Mirafiori complicated in Turin, Italy, on Thursday, Nov. 23, 2023. 

Bloomberg | Bloomberg | Getty Pictures

Automobile manufacturing by way of automotive maker Stellantis in Italy fell by way of 37% closing yr, collision specifically by way of a steep plunge in automotive production, union figures confirmed on Friday.

To deal with overcapacity in Italy, the gang has relied closely on state-funded transient layoff schemes. Stellantis in December offered a plan to spice up manufacturing, however an building up is best anticipated from 2026 due to the creation of fresh fashions.

The FIM-CISL union stated Stellantis, which was once created in 2021 from the merger of Fiat Chrysler and France’s PSA-Peugeot, closing yr manufactured 475,090 cars in Italy, ailing from 751,384 in 2023.

Manufacturing of automobiles specifically shrank by way of 46% to the bottom since 1956, hour output of fresh industrial cars fell 17%.

Stellantis was once no longer straight away to be had for remark.

Like its Eu friends, the arena’s fourth-largest automotive maker is wrestling with susceptible call for, particularly for totally electrical cars, regulatory indecision and hard Chinese language festival.

FIM-CISL stated it will tied a protest deliberate in Brussels by way of labour organisation IndustriALL Europe on Feb. 5, two weeks prior to the Eu Fee items its “clean industrial deal”.

The union’s chief Ferdinando Uliano stated it was once noteceable to check EU objectives for cars’ carbon emissions relief because of kick in from 2025.

“This is a battle for Europe,” Uliano stated, talking concerning the extremity dealing with the Eu automotive trade. “Single countries can only lose.”

Stellantis operates 5 automotive vegetation in Italy plus a facility for industrial cars.

Manufacturing on the team’s Mirafiori plant in Turin fell by way of 70% closing yr. Best the Maserati plant in Modena, the center of Italy’s ‘motor valley’, carried out worse with a 79% let go.

“We are very worried about Maserati,” Uliano stated. “We expect quickly a clear and detailed project for Maserati.”

Stellantis in December pledged to speculate 2 billion euros ($2.1 billion) in Italy in 2025 to assemble fresh fashions at a few of its vegetation within the nation.

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