The Stellantis Council unanimously decided that those days are over. Stellantis has filed several lawsuits, saying the contract allowed them to shift investments if market conditions required it, but reaffirmed that is has not abandoned its plan to reopen the plant. In fact, many of our competitors know this too, and also have announced investment and product delays as well as outright product cancelations. The multinational group, which was created in from the merger of Fiat-Chrysler and PSA Peugeot, recorded a sharp drop in output at most of its Italian plants in the first half of CEO Carlos Tavares has recently blamed EU carbon emission rules for raising production costs, suggesting that the group may be forced to close some assembly plants to meet competition from China.
Tavares has also been under fire from U. He has been trying to cut costs by delaying factory openings, laying off union workers and offering buyouts to salaried employees. The group in September announced that it was looking for a successor for year-old Tavares as part of a planned leadership change.
Copyright Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Big Three automaker Stellantis is making a number of moves in the US, in response to the new Trump administration and its focus on building products in America.
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