Stellantis To Suspend Production Of Fiat 500 EV At Turin Plant Again: What's Going On?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 29 2024
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Source: Benzinga
Production Suspension: Stellantis N.V. will halt production at its Mirafiori plant in Turin from December 2 to January 5 due to weak demand for the electric Fiat 500 city car, primarily affecting European markets.
Stock Impact and Challenges: The company's stock has dropped 45% year-to-date as it struggles with the transition to electric vehicles, compounded by recent recalls and potential tariffs suggested by President-elect Donald Trump on imports from Canada and Mexico.
Analyst Views on KOMP
Wall Street analysts forecast KOMP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KOMP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 66.380
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Current: 66.380
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
