Stellantis announced a four-week suspension of production for the Fiat 500e due to low demand in the electric car market. The global EV sales slowdown, influenced by varying green incentives policies, has forced car manufacturers to adjust their plans.
Made in Turin, Italy, the Fiat 500e will halt production as Stellantis grapples with market challenges. The company is investing €100m in Mirafiori to enhance battery performance and introduce a hybrid version by 2025-2026.
The Mirafiori plant, a historic site for Fiat, is undergoing a transformation to meet demands for sustainable mobility. Italian government initiatives offering subsidies for electric vehicles have clashed with Stellantis’ approach, signaling tensions in the industry.
Stellantis aims to revitalize the Mirafiori site with new production strategies, aligning with the shift towards electric and hybrid vehicles. The company acknowledges the need to adapt to market dynamics for sustainable growth in the EV sector.
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