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coronavirus lockdowns

Stellantis to halt production at Italian car plant in April
Business & Finance

Stellantis to halt production at Italian car plant in April

  • Production at the plant, where the world's fourth largest automaker makes Jeep Renegade and Compass models and the Fiat 500X compact SUV, has been repeatedly disrupted due to weak demand and semiconductor supply shortages.
  • The FIM CISL union said last week the firm was considering permanently closing one of its two production lines at the Melfi plant to address excess capacity in Italy.
Published 29 Mar, 2021 07:09pm
Czech rate setters bide time before hitting start on rate hikes
Business & Finance

Czech rate setters bide time before hitting start on rate hikes

  • "I still perceive greater risk that we start a premature tightening of monetary policy," board member Tomas Holub told daily Hospodarske Noviny in an interview released on Tuesday.
  • "For me, that is a greater risk than if we 'sleep in' a little versus what may perhaps seem as optimal looking back a year later."
Updated 16 Mar, 2021 10:02pm