09:19 AM EDT, 07/08/2024 (MT Newswires) -- Stellantis' ( STLA ) production in Italy this year could drop to just over 500,000 vehicles, compared with 751,000 last year unless government incentives boost demand, Italian union FIM-CISL said Monday.

In a statement, the union said the automaker produced 303,510 vehicles in the first six months of 2024, down from 405,870 the year before.

Ferdinando Uliano, the head of the union, was quoted as saying by Reuters that Stellantis ( STLA ) will not come anywhere near a target of 1 million by 2030 "if incentives do not change the picture."

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

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