Stellantis to extend Mirafiori stoppage until Jan 20 - report
STELLANTIS BR
€13.34
11:39 12/12/24
Automaker Stellantis will reportedly extend the production stoppage at its Italian Mirafiori plant until January 20.
CAC 40
7,423.84
11:39 12/12/24
Italian daily newspaper Milano Finanza reported that demand for the electric version of the Fiat 500 was still weak, adding that a meeting between company chief operating officer Jean-Phillipe Imparato and union representatives was yet to take place.
The legendary Mirafiori plant in Turin, home of Fiat's has stopped production several times this year due to low demand for the Fiat 500 EV and two Maserati sports models made at the factory.
Stellantis last month said assembly lines would be paused for the whole of December and until January 5, due to "continuing uncertainty in sales" for electric cars in Europe and luxury cars in China and the US.
The Reuters news agency also cited Gianni Mannori, head of the FIOM-Cgil trade union at the site, as saying the extension had not yet been made official by the company, while a spokesperson for Stellantis was not immediately available for comment.
Reporting by Frank Prenesti for Sharecast.com