Stellantis halts electric Fiat 500 production in Turin for one month due to low demand, plans €100M factory upgrade and $1B EV initiative.

Stellantis NV will halt production of the electric Fiat 500 in Turin for one month due to low demand in Europe, reflecting a broader decline in electric vehicle sales. The company is investing €100 million to upgrade the factory and produce a hybrid version. Additionally, Stellantis is implementing a $1 billion initiative to encourage electric vehicle adoption in Italy amid ongoing trade tensions between the EU and China over EV tariffs.

September 12, 2024
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