stellantis
Stellantis significantly reduces production in italy last year
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 […]
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Stellantis halts production in Italy
Stellantis has confirmed temporary production suspensions at its Italian plants but assured there are no plans to close facilities or implement mass layoffs in the automotive sector. However, the company acknowledges it is navigating a challenging environment with no easy solutions. On Wednesday, Stellantis announced plans to pause operations at its Cassino plant on November […]
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Automotive giant Stellantis has revised its outlook, forecasting higher expenses and reduced cash flow.
Stellantis no longer expects positive free cash flow this year, predicting it will burn through more cash than initially projected. The company cited worsening trends in the auto industry, higher costs related to restructuring its U.S. operations, and increased competition from China in the electric vehicle sector. This was reported by Reuters. The company now […]
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