Latest news with #FIMCisl
Time of India
a day ago
- Automotive
- Time of India
Stellantis Italian output down 27% in first half, union says
Stellantis vehicle output at its Italian plants declined 27 per cent in the first half compared with a year-ago period, pointing to a further production decline this year after a steep drop in 2024, the FIM Cisl union said on Monday. Fiat-owner Stellantis, which since last month has been led by new CEO Antonio Filosa, in December unveiled a plan to revive production in Italy, which has suffered from soft European demand, especially for electric vehicles, high energy costs, growing Chinese competition and a model lineup revamp. However, new models, including the hybrid version of the Fiat 500 city car, are only expected to provide a material contribution to the group's production from next year. "We knew 2025 would not mark a turnaround, what we didn't expect was it to be worse than 2024," FIM Cisl head Ferdinando Uliano said, presenting the union's quarterly report on Stellantis production in Italy. Stellantis was not immediately available for comment. The group, which is due to release its first-half results on July 29, does not publish country-specific production data. The French-Italian automaker manufactured just below 222,000 vehicles in the January-June period at its six assembly plants in Italy, including around 98,000 light commercial vehicles, the union said, with Uliano projecting full-year output of around 440,000. Stellantis produced 475,000 vehicles in Italy last year, which included 283,000 passenger cars, the lowest number in almost 70 years. That marked a 37 per cent drop from 2023, with production particularly hit in the second half of the year by the slump in EV and van demand and the phasing out of some models manufactured in Italy. Commenting on the union's data on Stellantis output, Italy's Industry Minister Adolfo Urso said they were part of broader crisis affecting all automakers producing in Europe. "This crisis comes form the European Union, form its insane industrial policy, which tied companies to the unachievable targets of the Green Deal," he said. The group's Europe chief Jean-Philippe Imparato last week warned Stellantis might have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets. Stellantis, formed in early 2021 through the merger of France's PSA and Italian-American group Fiat Chrysler, is expected to update its plan for Italy soon.>
Reuters
a day ago
- Automotive
- Reuters
Stellantis Italian output down 27% in first half, union says
MILAN, July 7 (Reuters) - Stellantis ( opens new tab vehicle output at its Italian plants declined 27% in the first half compared with a year-ago period, pointing to a further production decline this year after a steep drop in 2024, the FIM Cisl union said on Monday. Fiat-owner Stellantis, which since last month has been led by new CEO Antonio Filosa, in December unveiled a plan to revive production in Italy, which has suffered from soft European demand, especially for electric vehicles, high energy costs, growing Chinese competition and a model lineup revamp. However, new models, including the hybrid version of the Fiat 500 city car, are only expected to provide a material contribution to the group's production from next year. "We knew 2025 would not mark a turnaround, what we didn't expect was it to be worse than 2024," FIM Cisl head Ferdinando Uliano said, presenting the union's quarterly report on Stellantis production in Italy. Stellantis was not immediately available for comment. The group, which is due to release its first-half results on July 29, does not publish country-specific production data. The French-Italian automaker manufactured just below 222,000 vehicles in the January-June period at its six assembly plants in Italy, including around 98,000 light commercial vehicles, the union said, with Uliano projecting full-year output of around 440,000. Stellantis produced 475,000 vehicles in Italy last year, which included 283,000 passenger cars, the lowest number in almost 70 years. That marked a 37% drop from 2023, with production particularly hit in the second half of the year by the slump in EV and van demand and the phasing out of some models manufactured in Italy. Commenting on the union's data on Stellantis output, Italy's Industry Minister Adolfo Urso said they were part of broader crisis affecting all automakers producing in Europe. "This crisis comes form the European Union, form its insane industrial policy, which tied companies to the unachievable targets of the Green Deal," he said. The group's Europe chief Jean-Philippe Imparato last week warned Stellantis might have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets. Stellantis, formed in early 2021 through the merger of France's PSA and Italian-American group Fiat Chrysler, is expected to update its plan for Italy soon.
Yahoo
a day ago
- Automotive
- Yahoo
Stellantis Italian output down 27% in first half, union says
MILAN (Reuters) -Stellantis vehicle output at its Italian plants declined 27% in the first half compared with a year-ago period, pointing to a further production decline this year after a steep drop in 2024, the FIM Cisl union said on Monday. Fiat-owner Stellantis, which since last month has been led by new CEO Antonio Filosa, in December unveiled a plan to revive production in Italy, which has suffered from soft European demand, especially for electric vehicles, high energy costs, growing Chinese competition and a model lineup revamp. However, new models, including the hybrid version of the Fiat 500 city car, are only expected to provide a material contribution to the group's production from next year. "We knew 2025 would not mark a turnaround, what we didn't expect was it to be worse than 2024," FIM Cisl head Ferdinando Uliano said, presenting the union's quarterly report on Stellantis production in Italy. Stellantis was not immediately available for comment. The group, which is due to release its first-half results on July 29, does not publish country-specific production data. The French-Italian automaker manufactured just below 222,000 vehicles in the January-June period at its six assembly plants in Italy, including around 98,000 light commercial vehicles, the union said, with Uliano projecting full-year output of around 440,000. Stellantis produced 475,000 vehicles in Italy last year, which included 283,000 passenger cars, the lowest number in almost 70 years. That marked a 37% drop from 2023, with production particularly hit in the second half of the year by the slump in EV demand and the phasing out of some models manufactured in Italy. The group's Europe chief Jean-Philippe Imparato last week warned Stellantis might have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets. Stellantis, formed in early 2021 through the merger of France's PSA and Italian-American group Fiat Chrysler, is expected to update its plan for Italy soon. Sign in to access your portfolio
Reuters
19-05-2025
- Automotive
- Reuters
Volkswagen weighs plan to sell or find partner for Italdesign, unions say
MILAN, May 19 (Reuters) - Volkswagen ( opens new tab is considering a plan to sell its fully-owned design and engineering unit Italdesign or to find a partner for it, union representatives said on Monday, as part of the German automaker's efforts to overhaul its European operations. Volkswagen, which controls Italdesign through its Audi unit, is under pressure from increasing competition and a lacklustre European car market. Audi was not immediately available for comment. Volkswagen, has received preliminary expressions of interest from four or five counterparts, the union representatives said after a meeting with Italdesign management, adding the German company will not consider offers from competitors or financial groups. "The management confirmed in the meeting that Audi is assessing a possible sale of Italdesign," Gianni Mannori of Fiom union told Reuters, adding alternative options could be considered. The process could take a few months, Mannori added. Rocco Cutrì, the head of FIM Cisl union in Turin, said Audi was running a preliminary due diligence process at Italdesign, to prepare the unit for the plan. Headquartered in Turin, Italdesign employs around 1,300 people, including 1,100 in the northern Italian city itself. Volkswagen announced sweeping changes to it German operations in December, including job cuts and sharp capacity reductions. Measures included the end of production of Volkswagen-branded cars in Dresden and Osnabrueck, while the company is exploring alternative uses for the plants. Audi has already closed its plant in Brussels after the search for a buyer ended without success, while in March the company announced it would cut thousands more jobs.
Yahoo
08-04-2025
- Automotive
- Yahoo
Stellantis output in Italy fell further in first quarter, union says
MILAN (Reuters) - Stellantis' Italian auto production dropped further in the first quarter after output in the country fell to an almost 70-year low in 2024, the FIM Cisl union said on Tuesday, as new models will not support activity before next year. Vehicle production in the January-March period, comprising passenger cars and vans was down 35.5% compared to a year earlier to around 110,000 units, the union said in a quarterly report. Activity contracted in all the six assembly plants the automaker runs in Italy, it added. In Pomigliano, production fell 80% for the Dodge Hornet, at 1,356 units. The Hornet, one of the few models Stellantis makes in Europe for the North American market, is subject to tariffs introduced by U.S. President Donald Trump. Output fell 45.5% at the Cassino facility in central Italy, where the group produces some Alfa Romeo models which also sell in the U.S., although in very limited numbers. Stellantis was not available for comment. Fiat-owner Stellantis in December presented to the Italian government a plan to revitalise output in the country after months of falling production due to soft European demand, especially for electric vehicles, high prices, range renovation and growing Chinese competition. "New models will have an impact of some significance (on output in Italy) only in 2026," FIM Cisl head Ferdinando Uliano said. The hybrid version of the small Fiat 500, one of the new models expected to sell in large volumes, was due to start production in November. Uliano added production of the new Alfa Romeo Stelvio SUV was now expected to start in early 2026, versus initial plans for end-2025. ($1 = 0.9159 euros)
