Productivity falls. Stellar In Italy: with 283.090 Four-wheelers assembled in 2024, the automotive industry went back nearly 70 years in Bell Pace.
It was 1956 and the radio was playing “Che Bambola” by Fred Buscaglione. A young Mike Bongiarno kept Italians glued to TV with “Quit or Double” and Anna Mignani won the best actress Oscar for “The Rose Tattoo.”
And the Italian automotive industry produced about 290,000 vehicles. The numbers were too high for post-war Italy. Not even a dream today.
Fim Cisl, the data at hand, highlights the end of -45.7% Less on cars produced than in 2023. Taking into account every car produced at Stellantis’ six Italian plants, i.e. cars and commercial vehicles, the estimate for 2024 is approx. 475,090 unitscompared to over 751,000 in 2023 (-36.8%).
Why is Stellantis underselling in Italy?
Certainly the woes of the entire sector in Europe and beyond weigh heavily on the Italian automotive crisis, considering the fact that historic brands such as Volkswagen, BMW and Mercedes-Benz have also downgraded their forecasts. A revision has been made. But the suffering of the entire automotive sector is not enough to explain the demise of Stellentas: in 2024 Registrations In Italy they faced decline -0.5%While activity in the steelworks factories has almost halved.
Translation: People are buying slightly fewer cars in Italy, but it’s especially the stout brands that are finding it increasingly difficult to satisfy motorists’ tastes. The situation resulted in about 20,000 layoffs, the early closing of plants for the holidays, and continued conflict between the old administration of Carlos Tavares and the Italian government, which called for new ecobonuses to support the market. was A lack of low-cost models and a lack of competition in the electric transition contributed to the decline of Stellantis.
Tavares also kept factory volumes to a minimum, taking advantage of increased demand to drive up prices. This strategy worked in the short to medium term, but in the long term it led Stellentes to a dead end.
Under the interim presidency of John Elkin, Stellantis announced. Investment per 2 billion in Italy in 2025. The goal is to increase production in Italy to one million vehicles, unless market conditions force a change. Stellantis resigns itself to remove the obstruction of its heart: 2025, the head of Europe Jean-Philippe Learned has already clarified, will be another year Horbellis, while the improvement 2026 due to the introduction of new models. Expected to
Stock market crash
Stellantis is also suffering on the stock market: after the release of data on the decline in registrations in December (-18%), the stock fell 3.5% to 12.17 euros in Milan.
New models
In addition to the already ongoing production, Stellantis will bring two new compact models to Pomigliano, while the new 500e will be produced in Mirafiori in addition to the 500 hybrid. Cars slated for electric versions between 2025 and 2026 will be hybridized at Melfi, with a new range of commercial vehicles to be produced at Atesa. Hybrid versions of the Stelvio and Giulia will be produced at Cassino. A high-end project will be launched in Modena.
