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.

Production at carmaker Stellantis’ plants in Italy fell by almost 40 per cent in 2024, the lowest level since the 1950s, according to figures releases by trade union FIM-CISL. The group, which was formed by a merger in 2021 between Fiat-Chrysler and France’s PSA-Peugeot and whose single largest shareholder is Italy’s billionaire Agnelli family,

The European Union should extend its emergency cap on gas prices and set a ceiling of 60 euros per megawatt hour to prevent a possible energy price shock, Italy's Energy Minister Gilberto Pichetto Fratin said on Friday.

To prevent future price shocks, Italian Energy Minister Gilberto Pichetto believes that the European Union must extend its emergency cap on gas prices. The energy minister said on Friday the EU must set a ceiling of 60 euros per megawatt hour to prevent any spikes in prices,