Friday, March 22, 2024

Electric Vehicles: Stellantis Lays Off 400 Salaried Employees Amid Uncertainties (STLA)

If I were to add an eleventh name to Elon Musk's "maybe ten EV survivors" it would be STLA.

Not the German marques, not Ford or GM and not the Japanese outside of Toyota (who aren't exactly jumping into the deep end of the battery electric pool).

From the AP via US News&World Report, March 22:

Stellantis Lays off About 400 Salaried Workers as Automakers Continue Electric Vehicle Transition
Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles

Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles.

The company formed in the 2021 merger between PSA Peugeot and Fiat Chrysler said the workers are mainly in engineering, technology and software at the headquarters and technical center in Auburn Hills, Michigan, north of Detroit. Affected workers were being notified starting Friday morning.

“As the auto industry continues to face unprecedented uncertainties and heightened competitive pressures around the world, Stellantis continues to make the appropriate structural decisions across the enterprise to improve efficiency and optimize our cost structure,” the company said in a prepared statement Friday....

....MUCH MORE

The AP calls Stellantis "Jeep maker" which is true. STLA is also Peugeot, Dodge and  Maserati-maker.

Also Fiat, Alfa Romeo, Chrysler maker. Also a-handful-I-always-forget-maker.