On Wednesday, Stellantis (STLA) reported another quarter of plunging sales as the company behind brands such as Jeep and Chrysler attempts to fix its so-called “disaster.”

Stellantis NV keeps slashing vehicle production in Italy, a key market for the automaker’s besieged executive team.

Automaker Stellantis' output in Italy is set to drop below 500,000 vehicles this year from 751,000 in 2023, the FIM-CISL union said on Wednesday, citing persistently soft market demand, especially for electric vehicles.

ROME, OCT 1 - Stellantis sold 29,375 cars in Italy in September, 33.9% less than the same month in 2023 with the market share falling from 32.6% to 24.1%. In the nine months the group registered 365,286 cars,