Turin’s Automotive Decline: Challenges at Fiat’s Mirafiori Plant
The city of Turin, once synonymous with Italy's automotive might, is now a symbol of industrial decline. The historic Mirafiori plant, once producing millions of cars, has seen its output and workforce shrink significantly. Fiat, now part of Stellantis, faces tough competition from Chinese automakers and the high costs of electrification.
Struggling Production at Mirafiori
The Mirafiori plant, which manufactures the Fiat 500 electric car and Maserati models, has suffered from low demand, leading to extended production suspensions. Currently, 2,800 workers are on furlough with reduced pay, reflecting the broader struggles of Turin’s automotive industry.
The Impact of Stellantis’ Shift
The transformation from Fiat to Stellantis in 2021 diluted the brand’s Italian roots, with production increasingly moving abroad. Once employing around 60,000 workers, Mirafiori now struggles to maintain operations. The average worker age nears retirement, while younger generations show little interest in the automotive sector.
Future Prospects for Turin
Although Stellantis has committed to producing a new hybrid version of the Fiat 500 by 2025, the future remains uncertain. Talks are underway to bring Chinese automakers to Italy, potentially revitalizing the industry. However, many workers, like Davide Manago, fear for the future and hope their children find opportunities elsewhere.


Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Thailand Inflation Remains Negative for 10th Straight Month in January
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 



