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EU Car Registrations Rise to Four-month High in October
Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
The two Stellantis factories located in Italy will temporarily suspend production.
Gelonghui, November 21st | According to Reuters, Stellantis announced on Wednesday that its two factories in southern Italy will temporarily shut down. The company stated that it has informed the union that the Termoli engine factory will be shut down from December 16th to 22nd, and the Cassino car factory will be shut down on November 29th. During the shutdown period, workers will be temporarily laid off. The company's brands in Italy include Fiat and alfa Romeo. The company stated that it is determined to ensure the "continuity" of its business in Italy, but at the same time pointed out that it is facing a challenging road ahead, requiring
Europe's auto market growth is weak, with new car registrations in October increasing by only 0.1%.
Data released by the Association of European Auto Manufacturers on Thursday shows that new car registrations in October only achieved a slight increase of 0.1%, reaching a total of 1.04 million vehicles.
Stellantis to Pause Production at Two Italian Plants, Reuters Says
Stellantis N.V. (STLA) Slipped Due to Earnings Miss
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