Fiat Chrysler Shuts Down Most Europe Production as Parts Shortages Grow
Fiat Chrysler Automobiles (NYSE: FCAU) said Monday that it will halt production at most of its European factories until March 27 in response to what it sees as a likely interruption in market demand due to the novel coronavirus pandemic.
FCA said that production for its Fiat, Maserati, and Jeep brands will halt for the next two weeks at six of its factories in Italy, and at two other plants, in Serbia and Poland.
Maserati's factory, in Modena, Italy, is one of eight European factories shut down by FCA on Monday. Image source: Fiat Chrysler Automobiles.
Source Fool.com
