Stellantis extends Fiat 500 electric production halt until November 1 due to weak demand.
Stellantis NV, the parent company of Fiat and Chrysler, is extending the production halt of its electric Fiat 500 until November 1 due to weak demand, following a 27% drop in share price over the past year. The company plans to invest €100 million in the Fiat 500e and introduce a new hybrid model by 2026. While facing challenges in the European EV market, Italy's $1 billion incentives for cleaner vehicles may support future recovery.
October 01, 2024
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