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    Stock Market News: Volatility Up 14% As Markets Fall

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Maserati Stops Production As FCA Closes Nearly All European Plants

Trade News by Trade News
March 16, 2020
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Maserati Stops Production As FCA Closes Nearly All European Plants
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Following similar announcements made by Lamborghini and Ferrari in recent days, Maserati has decided to halt production at its plant in Modena, Italy amid the Coronavirus outbreak. It is part of a greater plan announced by parent company Fiat Chrysler Automobiles to protect its employees across Europe as the facilities in Cassino, Grugliasco, Melfi, G. Vico (Pomigliano), and Mirafiori Carrozzerie are also suspending any activities.

Outside of Italy, FCA is halting production at the factory in Kragujevac in Serbia where it makes the Fiat 500L minivan and is also temporarily shutting down the Tychy plant in Poland where the Fiat 500 and Abarth 500 are produced alongside the Lancia Ypsilon.

In a press release issued today, FCA says the production shutdown will be in effect through March 27. During this interval, the automotive conglomerate will take the following measures:

“The Group will make use of these stoppages to implement revisions to…



Source Motor1.com

Tags: ClosesEuropeanFCAMaseratiplantsproductionstops
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