Fiat Pulls 500 Off U.S. Market as Americans Snub Italian Minicar
- Retreat comes eight years after Fiat brand relaunched in U.S.
- U.S. sales of Fiat 500, 500e hatchback models to end in 2020
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Fiat Chrysler Automobiles NV is halting production of its Fiat 500 and electric 500e hatchbacks in North America, the latest move by the automaker to curb exposure to a shrinking car market in the U.S.
As production of both models winds down at a plant in Toluca, Mexico, remaining inventory will be sold into next year, the company said in a statement. The Italian-American carmaker did not say what vehicles may replace them at its Toluca plant.