Concerns Grow Over Maserati’s Modena Plant as Challenges Mount for Iconic European Automakers.
Automaker Stellantis saw vehicle production at its Italian plants drop by 37% in 2024, according to union data released on Friday. The figures, reported by Reuters, highlight mounting difficulties for the automotive giant.
The company has heavily relied on state-supported temporary layoff schemes to manage excess capacity in Italy. In December, Stellantis announced plans to boost production, but these changes are not expected until 2026, following the introduction of new models.
Union FIM-CISL reported that Stellantis, formed in 2021 through the merger of Fiat Chrysler and France’s PSA Peugeot Citroën, produced 475,090 vehicles in Italy last year. This marks a sharp decline from the 751,384 units manufactured in 2023.
Passenger car production was particularly hard hit, plunging by 46% to its lowest level since 1956. Meanwhile, production of commercial vehicles fell by 17%.
As the world’s fourth-largest automaker, Stellantis faces a challenging landscape, including weak demand for fully electric vehicles, regulatory uncertainties, and growing competition from Chinese manufacturers.
