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Market Chatter: Stellantis' Italy Production Declined 37% Last Year
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Market Chatter: Stellantis' Italy Production Declined 37% Last Year
Jan 3, 2025 5:52 AM

08:24 AM EST, 01/03/2025 (MT Newswires) -- Stellantis' ( STLA ) Italy production fell by 37% last year amid a nationwide decline in car manufacturing, according to FIM-CISL union figures cited Friday by Reuters.

The company produced 475,090 vehicles in Italy last year, down from 751,384 a year earlier, the report said.

Car production fell by 46%, to the lowest since 1956, while commercial vehicle production declined 17%, the report said.

Stellantis ( STLA ) last month unveiled a plan to boost production, but the plan would only begin making an impact in 2026, the report said.

Stellantis ( STLA ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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