Carlos Tavares believes that Europe’s manufacturing overcapacity could lead to local carmakers shutting down their plants. Chinese EV makers, such as BYD and Dongfeng, are planning to establish production facilities directly in Europe. BYD has confirmed that the majority of...
is threatening strikes at several plants, alleging that Stellantis isn’t keeping commitments to build vehicles. Chief among the issues is a company promise in the UAW’s contract to reopen a factory in Belvidere, Ill., as well as build a parts warehouse and a new electric-ve...
Tavares said he also should get credit for successfully merging the companies as well as making Peugeot and Opel profitable during the past decade. He said the company is in a "Darwinian period," and nothing is off the table including plant closures or shutting down brands. "When you are fi...
Inc. The Auburn Hills-based supplier of plastic, rubber and foam components had filed for a Chapter 7 liquidation, resulting in the closure of all its plants and termination of all employees. Stellantis, Adient and Yanfeng own the tooling in Unique's factories, according to lawyers who ...