Fiat Chrysler halts output at most European vegetation



MILAN -- Fiat Chrysler is halting manufacturing via March 27 on the majority of its vegetation in Europe following the coronavirus disaster which is disrupting the economic system.

FCA stated manufacturing for its Fiat and Maserati models would cease within the subsequent two weeks on the Italian vegetation of Melfi, Pomigliano, Cassino, Mirafiori, Grugliasco and Modena.

FCA's factories in Kragujevac, Serbia, and Tychy, Poland, may even shut, the automaker stated.

"The short-term suspension allows the group to successfully reply to the interruption in market demand by making certain the optimization of provide," FCA stated in a assertion.

The corporate stated the freeze would assist it to renew exercise promptly as soon as market situations enable it.

"The group is working with its provide base and enterprise companions to be able to allow our manufacturing operations to ship beforehand deliberate whole ranges of manufacturing regardless of the suspension when market demand returns," FCA stated.

FCA's Italian factories account for over 65 p.c...



Supply Autonews.com



Source marketwatch.com