Stellantis Falls Over 3% in Milan as Mirafiori Production Halt Drags On

Stellantis shares fell about 3.2% in Milan on Tuesday, 10 November, making the carmaker one of the biggest drags on the FTSE MIB. Its New York listing lost around 3.9% to roughly $4.25. The stock has had a very difficult year, down around 58% year to date as of early November, and has traded between about $3.92 and $12.22 over the past 52 weeks.

What happened

Reports linked the latest fall to production problems in Italy. According to these reports, Fiat 500 production at the Mirafiori plant in Turin has now been halted for a fourth week in a row, with chip supply shortages and weak demand cited as factors. Stellantis did not give a separate explanation for the day's move, so this is the most specific reason available rather than a confirmed cause.

The fall came on a day when the wider Milan market rose 0.69%, which shows the selling was specific to the company. Banks and defence names led the index higher while Stellantis lagged.

Why it matters for traders

• Production halts hit earnings directly. Idle plants still carry fixed costs such as wages and maintenance, so lost output reduces profit more than the lost sales alone suggest.
• Supply chain risk is back. Chip shortages were a major problem for carmakers in 2021–2022. Any sign of their return can hurt the whole auto sector.
• Low-priced stocks can move sharply. At a few euros a share, even small absolute moves create large percentage swings, which raises risk for leveraged positions.
• Down a lot does not mean cheap. A large decline can reflect real damage to earnings. Value investors usually look for evidence that problems are stabilising before buying.

What to watch

• Any company statement on when Mirafiori production will restart.
• Updates on chip supply from Stellantis and its suppliers.
• European car registration data for signs of demand recovery.
• Whether the stock holds above its 52-week low, a level many traders will watch closely.

Educational content, not investment advice. Practise trading auto stocks risk-free in the Trading Titans paper trading app.