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.


Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 



