News of the group's woeful Italian production figures come shortly after it announced new investments in the country

Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures showed on Friday. To address overcapacity in Italy, the group has relied heavily on state-funded temporary layoff schemes.

Evidence that Stellantis is teetering on the edge continues to pile up — and a new report from Reuters shows that it's not just the American division of the massive automotive conglomerate that are struggling.

Stellantis NV and Volkswagen AG shares declined as some of their plug-in cars lost access to US tax credits under tougher rules that took effect this week.

The brands of Stellantis produced 475,000 vehicles in Italy in 2024, compared with 751,000 in 2023, a drop of 37%. The company has resorted to layoffs in the nation.

The past year was challenging for the automotive industry, and the Stellantis group clearly stands out among the biggest losers in Europe. The situation was particularly dire in Italy, where the industry experienced a significant downturn.

The past year was challenging for the automotive industry, and among the biggest losers in Europe, the Stellantis group stands out clearly. It was especially tough in Italy, where the industry experienced a significant downturn.