January 4, 2025 – According to a report published by Reuters on January 3rd, automaker Stellantis has experienced a significant drop in production at its Italian factories in 2024. The output fell by 37% compared to the previous year, marking the lowest level since 1956 and sparking concerns within the industry.
The FIM-CISL union revealed that Stellantis, formed through the merger of Fiat Chrysler and PSA-Peugeot in 2021, produced 475,090 vehicles in Italy last year. This figure is notably lower than the 751,384 units manufactured in 2023, representing a 37% year-on-year decrease.
The report further highlighted that car production, typically referring to private vehicles, saw a steep decline of 46%, reaching its lowest point in over six decades. Additionally, the production of commercial vehicles also decreased by 17%. Specifically, the Mirafiori plant in Turin experienced a 70% reduction in output, while the Modena Maserati factory suffered a staggering 79% drop.
To address the issue of overcapacity, Stellantis is currently relying on a state-funded temporary layoff scheme. The company has announced plans to introduce new models from 2026 onwards, aiming to boost production levels. As part of this effort, Stellantis has committed to investing 2 billion euros (approximately 2.1 billion USD) in the production of these new models at its Italian factories in 2025.
