Stellantis idles Belvidere plant as last Jeep Cherokee rolls off the line
The company, Tavares said, is executing a transformation to electric vehicles, which are 40% more expensive to make than those with internal combustion engines. Stellantis, he said, can't pass the increased costs to consumers because many wouldn't be able to afford“We need to adapt to this new world,” Tavares said. “The reality of the transformation of the market is the reality that we need to face.
Stellantis, Tavares said, has to optimize its manufacturing and distribution footprints."If we don' fix it then everybody's going to be in trouble," he said. The union said it has negotiated, and Tavares said the company has agreed to, retirement packages as well as voluntary termination and pre-retirement leaves for workers. It's also working on relocation for interested workers, the UAW statement said. The union says about 2,300 employees are affected.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stellantis seeks 'solution' for shuttered Illinois Jeep plant, CEO saysStellantis NV Chief Executive Carlos Tavares said the automaker is 'looking for a solution' for an Illinois assembly plant scheduled to stop producing Jeep SUVs on Tuesday, but the high costs of producing electric vehicles there may make it hard to keep the plant open.
Read more »
2023 Jeep Grand Cherokee 4xe Trailhawk Review | Car Reviews | Auto123Auto123 reviews the 2023 Jeep Grand Cherokee 4xe Trailhawk, which comes oh-so-close to being great.
Read more »
Jeep Grand Cherokee 4xe Trailhawk 2023 essai routier | Essais routiers | Auto123Auto123 met à l’essai le Jeep Grand Cherokee 4xe Trailhawk 2023, un VUS qui est à deux doigts d'être génial.
Read more »
As an Illinois auto factory closes, layoffs and economic worries extend into surrounding cityOver a thousand automotive workers in Illinois will clock out of a Jeep assembly plant for the last time Tuesday, stopping what a local union president described as the 'heartbeat' of the small city.
Read more »
Jeep to launch electric Land Rover Defender rival by 2025 | AutocarAmerican brand's range will grow to seven models starting with Avenger ahead of 2030 EV-only target
Read more »