Stellantis to idle Illinois plant, lay off more than 1,000 workers, citing rising costs for EVs | CNN Business

“Our industry has been adversely affected by a multitude of factors like the ongoing Covid-19 pandemic and the global microchip shortage, but the most impactful challenge is the increasing cost related to the electrification of the automotive market,” Stellantis said in a statement. The company said it is taking steps “stabilize production” and “improve efficiency” in its North American facilities.

The group’s president Ray Curry said it is “unacceptable” Stellantis isn’t allocating new products to the plant. The Illinois plant builds the Jeep Cherokee and will continue to manufacture the vehicle until the factory closes, but the company had no comment about the future of that make and model. “This is an important vehicle in the lineup, and we remain committed long term to this mid-size SUV segment,” Jodi Tinson, a Stellantis spokesperson, said in a statement.

Blame the absurd push to electric vehicles, not Stelantis.

Way to go Joe Biden!

The execution of MahanSadarat's death sentence was postponed for 48 hours. These 48 hours will end tonight and it is possible to kill Mahan at any moment.Mahan's life is in serious danger.He is only 23 and about to be killed being executed by Islamic Republic. IranRevoIution U

I knew we were in trouble when Biden went begging to the Saudi’s for oil while restricting domestic production. Now stories like this…

Yep, the economy is just humming right along. JoeBidensAmerica

Oh man. Didn't Amazon switch to them? Rivian lost $7 billion. Saudi partner Lateef has questions I'm sure.

Thanks Biden

Bill to repair a Chevy volt. Junkyards are going to be full of EV when there batteries are done and worthless as used EV

The dictatorial regime of the Islamic Republic executed Majidreza_Rahnavard, another Iranian protester, in a mock trial on Monday, December 12. IranProtests2022 UNHumanRights CNBC UN

Lol….who?

Infinite layoffs

Can someone wake up Joe and let him know his bragging isn’t a good idea, as usual. 🤡

If they don’t support America workers why should Americans support or buy their products? If we stand together we can change there bottom line.

Question, when are we going to audit all of these green start ups? How much money in grant subsidies did Stellantis receive?

Whoops.

It's fake. Fake news.

Unfortunately layoffs will need to happen in order to reduce inflation. Part of the equation

Blue state blues.

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Auto company Stellantis plans to idle an Illinois plant that produces the Jeep CherokeeAutomaker Stellantis, formed by a merger of Fiat Chrysler and France's PSA Peugeot, announced that the Belvidere, Illinois plant producing Jeep Cherokee models would be idled starting Feb. 28, 2022. Stellantis receive billions in government incentives to transition to clean energy. It is an insult to all taxpayers that they are not investing that money back into our communities,” UAW Stellantis Department Director and Vice President Cindy Estrada said in the release. 2023? What profit-seeking company would want to do business in Illinois? The governor is incompetent and the State’s largest City is run by a bigoted racist who hasn’t a clue as to how to manage a City.
Source: WashTimes - 🏆 235. / 63 Read more »

Jeep parent company Stellantis blames EV costs for upcoming layoffs | EngadgetThis week, automaker Stellantis said it would indefinitely shut down a manufacturing plant in Illinois and lay off approximately 1,350 employees early next year.. What a surprise, their CEO, Carlos is a legendary complainer. Lol 1. Makes no sense. 2. Wasn’t the point of the FCAU merger with Peugeot supposed to increase EV strength? Looks like two weak companies bailed each other out.
Source: engadget - 🏆 276. / 63 Read more »