Car production in free fall in Italy

Italian car production is in free fall, dropping 32.4% in October, carmakers group ANFIA said Tuesday, CE Report quotes ANSA.
"In October, the index of Italian automotive production accentuates the decline with the eighth consecutive decline (-32.4%)", said Gianmarco Giorda, ANFIA director-general.
"Domestic production of cars alone - he explained - amounts to 16 thousand units in the month, down 67.8% on October 2023.
"The index of motor vehicle manufacturing also maintains the minus sign in October (-40.4%) as does the index of production of parts and accessories for motor vehicles and engines, which closes the month at -28.9%, worsening the decline recorded in September.
"The situation of the sector in our country is increasingly complex and uncertain".