Stellantis Delays Production of This Electric Vehicle Due to Low Demand
By Israel Monte
Oct 01, 2024 09:21 PM EDT
One of Stellantis' electric vehicles is being met with poor reception.
The carmaker has extended the production delay of its all-electric Fiat 500 until Nov. 1, according to Motor1. The decision to suspend production was reportedly due to low demand.
Initially, the Fiat 500's production was suspended until Sept. 12. Reuters noted that the European car market is currently struggling, as per a statement to trade unions. However, despite the delay, the Fiat 500 is still on track within the company's car lineup.
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The automaker reportedly wants to invest over $110 million into the Fiat 500 for the next two years, which would fund the development of a gas-powered hybrid variant that's set to release in 2025. The outlet indicated that during the first half, Stellantis manage to sell 470 Fiat 500s in America.
In other news, Stellantis recalled 194,000 Jeep plug-in hybrids after 13 accounts of fire incidents were reported. The company specifically recalled the 2024 Jeep Wrangler and Jeep Grand Cherokee plug-in hybrids from 2022 and 2024 over defective batteries.
IN OTHER NEWS: Stellantis Announces Search for New CEO to Improve Business Strategy in US
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