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Update: Stellantis' Q1 Production in Italy Down 36%, Union Says
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Update: Stellantis' Q1 Production in Italy Down 36%, Union Says
Apr 8, 2025 12:45 PM

03:22 PM EDT, 04/08/2025 (MT Newswires) -- (Updates with stock price movement in the first paragraph.)

Stellantis ( STLA ) shares were down 8% in recent trading Tuesday after the Fim-Cisl union reported a drop in Italy's Q1 vehicle production.

According to the union, Q1 vehicle production in Italy fell about 36% to 109,900 units from 170,415 units a year earlier.

Activity in all of the company's car and commercial vehicle plants in the country declined and duties on European cars will worsen the situation, according to a Fim-Cisl statement that was translated from Italian.

In the Pomigliano plant, which accounted for 61% of total car production, activity declined 37% to 37,097 units, the union said.

Stellantis ( STLA ) didn't immediately respond to a request for comment from MT Newswires.

Price: 8.52, Change: -0.74, Percent Change: -7.99

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