Stellantis Halts Production of Electric Fiat 500
Stellantis is suspending production of the electric Fiat 500 for four weeks due to a lack of orders in the European market. The company is investing in the Mirafiori plant to enhance battery performance and plans to introduce a hybrid version of the model by 2026.
| Score | Value |
|---|---|
Scale | 6 |
Novelty | 5 |
Positivity | 5 |
Reliability | 8 |
Actionability | 2 |
Society | 7 |
Journalism | 4 |
Highlights
- Stellantis will suspend production of the electric Fiat 500 for four weeks due to poor demand in Europe.
- The production halt will begin on Friday and is a response to a global slowdown in electric vehicle sales.
- Stellantis is investing 100 million euros in the Mirafiori plant to adopt a higher performance battery and plans to produce a hybrid version of the Fiat 500 starting between 2025 and 2026.
- The Fiat 500 is manufactured at the historic Mirafiori factory in Turin, Italy.
- Italy has launched a $1 billion plan to help drivers switch to cleaner vehicles, including subsidies for fully-electric cars.
Perspectives
- There are significant concerns regarding the difficulties faced by the European electric vehicle market, which have led to production halts and adjustments in EV plans by automakers like Stellantis. [1][2][3]
- There is a call for better government incentives and support for the electric vehicle market in Europe, as current policies may not be sufficient to stimulate demand and production. [1]