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Fiat, Volvo Curb Output in Europe
Fiat SpA will idle an assembly plant in Pomigliano, Italy, for two weeks in late September and early October because of waning demand.
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Fiat SpA will idle an assembly plant in Pomigliano, Italy, for two weeks in late September and early October because of waning demand.
The Pomigliano factory, which makes the Panda minicar, is just ending a two-week shutdown that idled 2,500 workers.
Volvo Car Corp. will reduce the line speed at its main plant in Gothenburg, Sweden, to 52 cars per hour from 57 in response to weak sales worldwide, the IF Metall union tells The Wall Street Journal.
Volvo, which is owned by Zhejiang Geely Holding Group Co., also says it will shed as many as 300 temporary workers when their contracts expire.
Fiat and Volvo join Ford and General Motors, which have previously said they would reduce hours at some European factories in coming months.
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