Stellantis to sell, shutter large proving grounds testing facility amid cost-cutting efforts

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Stellantis to sell, shutter large proving grounds testing facility amid cost-cutting efforts
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Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Automaker Stellantis plans to close and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

The decision is the latest cost-cutting measure by the trans-Atlantic automaker under CEO Carlos Tavares, who has been increasingly under pressure from Wall Street,The Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

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Toyota Motor Corp General Motors Co Ford Motor Co Carlos Tavares Personnel Labor Economy Arizona Stellantis NV Stellantis NV Business Transportation Autos Breaking News: Business Business News

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