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The production of autos in the united kingdom has declined for eight consecutive months, and the outlook may worsen further.
In October, auto production in the united kingdom declined for the eighth consecutive month.
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Express News | "Stellantis Keeps Slashing Car Output In Italy Over EV Slump; Mirafiori Production Will Be Halted From Dec. 2 For Five Weeks; Stop Affects Electric Fiat 500, Two Maserati Luxury Models' - Bloomberg News
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J.P. Morgan Sticks to Their Buy Rating for Stellantis (STLA)
Stellantis's Turin plant in Italy is once again shut down.
Global fourth-largest auto manufacturers Stellantis will once again suspend production at its Mirafiori plant in Turin until December due to weak demand for the Fiat 500 electric car. According to Milano Finanza, after a shift in November (producing about 170 vehicles), the company reported that there were not enough orders to continue assembly in December. Production at the plant is expected to resume on January 13 for a three-week period, unless there are further changes. The situation in the French market is also not looking good.
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