one again stop for Mirafiorithat Stellantis plant of Turin yes will stop again for a month starting from the end of November. As reported by MF-Milan Finance, two sources close to the situation confirm that the production will resume only after Epiphany. The factory, which assembles the electric Fiat 500, has already reopened on November 1 after a month-long shutdown, but the automotive group has concentrated all orders for the electric city car for three months in a single period, that of November, and then suspended activities until the beginning of the new year. A choice that seems to derive from difficulties related to the supply of components and a slowing demand for electric vehicles, often more expensive than traditional counterparts.
Stellantis: Reorganized production and reduced capacity
Stellantis has started November production on a single shift, which allows the assembly of approximately 170 cars per day, a limited figure compared to the theoretical capacity of the plant. The company, according to internal sources, is limited to providing short-term communications to the unions, providing weekly updates on production activities. Today, union representatives will be unofficially informed of the continuation of production until November 29, when the factory will enter a new phase of closure. The reduction in volumes and the postponement of production are also due to the lack of support from suppliers for the December lines.
"This is a rumor that has no official confirmation. The company will verify the production plans for the month of December in the coming weeks," a Stellantis spokesperson told Reuters when asked to comment on the news.
Stellantis: Layoffs in North America
In addition to local difficulties, Stellantis is facing various problems also on a global scale. The company, as also reported by Reuters, has to deal with stagnant demand for high-priced electric vehicles and growing competition from China, which is particularly strong in the low-cost car segment. In addition, the group is facing a excess inventory in the United States, a situation that led to a reduction in profit and cash flow estimates for 2024. Thus, yesterday, the Group led by Tavares communicated the 1.100 workers laid off at its Toledo, Ohio plant. Cuts that, the company specifies in an official note, are necessary to restore the site's competitiveness, where high inventories of unsold vehicles and declining sales have forced a drastic reduction in production. The decision involves suspending a shift for Jeep assembly workers, transferring 400 workers to an external supplier.
Deal with Infineon to power electric cars
Stellantis has entered into a collaboration with Infineon Technologies, a German semiconductor company, to develop the power architecture of its electric vehicles, with the aim of promote sustainable mobility, safe and economical. The agreement provides for the'adoption of Profet™ devices Infineon, which will replace traditional fuses and enable more efficient power management, silicon carbide semiconductors to improve performance and reduce costs, and Aurix™ microcontrollers for the Stla Brain architecture. The companies will also establish a “Joint Power Lab” to develop a scalable, intelligent power architecture for future software-defined vehicles.
Stellantis Stock Down on the Stock Exchange
Following the recent news on the new production stoppage at the Mirafiori plant and the global difficulties the group is facing, the Stellantis stock is in sharp decline at Piazza Affari. The Stellantis shares forgiveness in the morning more than 3,5% falling to 12,546 euros. Concerns about demand for electric vehicles, competition from Chinese manufacturers and excess inventory in the United States appear to be weighing on investors, reflecting a climate of uncertainty around the group's financial outlook for the coming months.
