MILAN, Oct 16 (Reuters) - Stellantis ( STLA ) will
next month suspend activities at some assembly and engine plants
in Italy, including for the Fiat Panda city car, in response to
tough market conditions, the automaker said on Wednesday.
The planned stoppages will affect the Pomigliano d'Arco,
Termoli and Pratola Serra factories on several days during the
Nov. 11-29 period, Stellantis Italy said in a statement, adding
it had informed trade unions.
Stellantis ( STLA ) is facing industry-wide challenges such as low
demand for more expensive electric vehicles and competition from
China. It is also grappling with excess U.S. inventories that
have led it to cut profit and cash-flow forecasts.
In Italy, it has already suspended production at the
historic Mirafiori plant in Turin, which makes the electric Fiat
500 city car and two Maserati sports cars, until Nov. 1.
In its statement on Wednesday, the Franco-Italian-American
group said it was determined to "ensure the continuity" of its
Italian operations, but noted it was facing "a challenging path
requiring difficult choices and offering no easy solutions."