Posted By Global Banking and Finance Review
Posted on January 3, 2025
MILAN (Reuters) - Production of vehicles by car maker Stellantis in Italy fell by 37% last year, dragged down in particular by a steep plunge in the number of cars manufactured in the country, with activity contracting at all plants, union figures showed.
The FIM-CISL union said on Friday Stellantis manufactured 475,090 vehicles in Italy last year, down from 751,384 in 2023.
The production of cars, in particular, shrank by 46% to the lowest level since 1956, while the output of new commercial vehicles posted a reduction of 17%.
(Reporting by Valentina Za, editing by Alessandro Parodi)