Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs
Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs
Dec 09, 2022 by CNBC
Key Facts
- The transatlantic automaker, formerly known as Fiat Chrysler, said the plant will cease production as of Feb. 28.
- “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 an emailed statement.
- It said it is “working to identify other opportunities to repurpose the Belvidere facility and has no additional details to share at this time.”
- United Auto Workers President Ray Curry described the idling of the plant as “grossly misguided” and “unacceptable,” especially during this time of year.
GROUP
ORGANIZATION
INFRASTRUCTURE
PERCENT
GEOGRAPHY
PERSON
MISCELLANEOUS
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.
Was this content valuable for you?