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Stellantis output in Italy down 10% in Q1, trade union says
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Stellantis output in Italy down 10% in Q1, trade union says
Apr 5, 2024 3:03 AM

MILAN, April 5 (Reuters) - Production of passenger cars

and vans at Stellantis' ( STLA ) Italian plants fell 9.8%

year-on-year in the first three months of this year to 170,415

units, the FIM-CISL union said on Friday.

"This takes Stellantis ( STLA ) further away from the one million

output target" the automaker is discussing with the Italian

government, the head of FIM-CISL Ferdinando Uliano said,

presenting a quarterly report on Stellantis' ( STLA ) production levels.

FIM-CISL projects a full-year output of 630,000 vehicles in

2024, down from 751,000 last year, based on first-quarter data

and assuming auto purchase incentives announced by the

government do not reverse the ongoing trend.

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