economy
Stelantis's Peugeot and Jeep Go to China: What Will Happen to Fiat in Kragujevac?
The crisis at automotive giant Stellantis is entering one of the toughest phases in decades. Stellantis's production in Italy has fallen from 750,000 to less than 380,000 vehicles annually, an all-time low. Stellantis is simultaneously accelerating cooperation with Chinese manufacturers and moving some production plans outside Europe. On the other hand, Fiat in Kragujevac is working in three shifts and introducing weekend work.
TL;DR
- Stellantis's production in Italy has dropped to an historic low of under 380,000 vehicles annually.
- Stellantis is increasing collaboration with Chinese manufacturers, with Wuhan becoming a global hub for new hybrid and electric models.
- The Fiat plant in Kragujevac, Serbia, is working three shifts and introducing weekend work due to high demand for the Fiat Grande Panda.
- The global automotive industry is undergoing a major transition, with China leading in technology, resources, and cost.
- European factories are struggling, with six Stellantis plants in Europe currently closed.
- The Kragujevac plant is projected to reach an annual production of 150,000 vehicles by 2026, nearly 45% of Stellantis's current Italian output.
- Serbia's position in the European auto industry is strengthening, partly due to automotive production and the presence of Chinese auto-parts manufacturers.
- The Kragujevac region is the only one in Serbia with a trade surplus, significantly boosted by the automotive industry.