9,779.57 TRY BIST 100 BIST 100
37.82 EUR EUR EUR
36.11 USD USD USD
4.98 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
39.50 TRY Interest Interest
74.47 USD Fossil Oil Fossil Oil
32.33 USD Silver Silver
4.72 USD Copper Copper
105.61 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,383.99 TRY Gold (gr) Gold (gr)

Italian car production falls to 68-year low

Car production in Italy fell by 46 percent in 2024, the lowest resolution since 1956.

Italian car production falls to 68-year low

The country's automobile production was realized at the lowest temperature in the last 68 years with 283 thousand 9 units, while commercial vehicle production decreased by 17 percent to 192 thousand. This sharp decline in Italy's automotive sector, the third largest economy in the European Union, has drawn attention.

With the merger of Fiat Chrysler and French PSA-Peugeot in 2021, Stellantis' vehicle production in Italy also took a serious blow. While the company's production was 751,384 units in 2023, this figure decreased by about 37 percent to 475,90 in 2024.

Stellantis, the world's fourth largest carmaker, is struggling with low demand for electric vehicles in Europe, regulatory performance and competition from Chinese cars.

FIM-CISL President Ferdinando Uliano has called on the European Union to review its 2025 emissions targets. “This is not only Italy's struggle, but also Europe's,” Uliano said. In the union's statement, 2024 was described as “a black year for Stellantis”.

1 Million Production Target
Although Stellantis manufactures brands such as Fiat, Maserati, Alfa Romeo and Lancia at five different plants in Italy, the production halt has not yet been officially announced.

However, Stellantis presented a plan to increase production in Italy last month. The company announced plans to invest a total of 2 billion euros and produce new models in Italy in 2025. New model launches are expected to lead to an increase in production in 2026.

In this process, the Italian government is also under pressure. The government aims to increase automobile production to over 1 million vehicles. It is hoped that Stellantis' steps to increase production efficiency will revitalize the Italian automotive industry.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ezz Steel signed a major block trade deal worth 878 million dollars

Thursday, February 13, 2025

Declining demand and price pressures continue in Türkiye's long product market

Thursday, February 13, 2025

UK Steel comments on US steel tariffs

Thursday, February 13, 2025

Emsteel continues to be the leader in the domestic market

Thursday, February 13, 2025

China issues a statement regarding USA steel and aluminum tariff decision

Thursday, February 13, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now