Stellantis stock faces fourth week of Fiat 500 disruption in Turin

Published on 11/09/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Stellantis stock faces a fourth week without Fiat 500 production in Turin as chip shortages and weak demand weigh on its turnaround. The 2026 outlook remains unchanged.

Production Disruption Meets Turnaround Plan

Mirafiori will remain idle from November 9 through November 13, extending the Fiat 500 stoppage to four consecutive weeks.
Stellantis reaffirmed its 2026 outlook after third-quarter revenue rose 1 percent year over year.
Management still expects positive industrial free cash flow in 2027, while Italy faces further supply and demand risks.

Stellantis, NL00150001Q9, Illustration mit AI erstellt.

Stellantis will keep its Mirafiori plant in Turin idle from Monday, November 9, through Friday, November 13, extending the Fiat 500 production stoppage to a fourth consecutive week. Reuters reported the extension on November 5, citing Stellantis and the FIOM labor union.

The automaker said the first two weeks of the stoppage, which began in mid-October, reflected weak demand. It linked the stoppages covering the weeks of November 2 and November 9 to a shortage of electronic components, specifically chips used in engine control units. FIOM officials disputed that explanation and argued that demand for the Fiat 500 remained the central issue.

Supply And Demand Pressure

The disagreement highlights two risks for Stellantis. A component shortage can delay production even when orders are available, while weak demand can leave factories underused after supply constraints ease. Reuters also reported that the chip shortage had caused significant disruption to production of the Fiat 500 and Fiat Pandina in Italy.

The disruption comes as Stellantis tries to improve profitability through its FaSTLAne 2030 plan and its Value Creation Program. In its third-quarter results released on October 28, the company said net revenue rose 1 percent year over year to 37.6 billion euros. Adjusted operating income increased to 256 million euros from 90 million euros, lifting the adjusted operating margin to 0.7 percent from 0.2 percent.

Stellantis still reported a net loss of 453 million euros for the quarter, although that was a sharp improvement from a loss of 4.532 billion euros a year earlier. Industrial free cash flow remained negative at 4.009 billion euros, improving by 295 million euros from the prior-year quarter. The company said it was targeting positive industrial free cash flow in 2027.

Guidance Remains The Main Test

Management reaffirmed its 2026 outlook for a mid-single-digit increase in net revenue, a low-single-digit adjusted operating margin and improved industrial free cash flow compared with 2025. Stellantis also expects Value Creation Program savings to accelerate in the fourth quarter to the mid-hundreds of millions of euros, approximately twice the third-quarter contribution.

The company warned that memory-chip costs and recall expenses would create additional pressure. It also expects higher consolidated shipments in the fourth quarter and a positive working-capital contribution from normal year-end seasonality. Those assumptions make production stability in Italy relevant to the broader cash-flow recovery, even though the company has not quantified the direct financial effect of the Fiat stoppage.

Stellantis stock traded at 3.98 euros on Lang & Schwarz at 11:10 CET on Monday, November 9, unchanged from the Xetra close of Friday, November 6. Investors can follow the real-time quote of Stellantis stock.