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Automaker Stellantis lays off hundreds of American workers, blaming high cost of making electric cars
FOX Business ^ | December 10, 2022 | By Julia Musto

Posted on 12/10/2022 2:34:38 PM PST by Oldeconomybuyer

Multinational automaker Stellantis is indefinitely closing an assembly plant in Illinois in February and laying off hundreds of workers, in large part due to the high cost of making electric vehicles.

Stellantis noted in a statement emailed to FOX Business on Friday that the industry had been adversely affected by factors including the ongoing COVID-19 pandemic, the global microchip shortage and the increasing cost related to the electrification of the automotive market, which it said was the most impactful.

There are about 1,350 workers at the Belvedere plant, which produces the Jeep Cherokee.

Stellantis reportedly told The Associated Press that that automaker would not comment on the future of the "Cherokee nameplate."

"This is an important vehicle in the lineup, and we remain committed long term to this mid-size SUV segment," Stellantis spokesperson Jodi Tinson told the agency.

Stellantis has said it will invest more than $31 billion through 2025 on electrifying its vehicle lineup, with electric vehicles to make up half of its U.S. sales by 2030.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; News/Current Events; US: Illinois
KEYWORDS: automotive; belvidere; chat; chrysler; electricvehicles; evs; fiat; illinois; jeep; peugeot; psagroup; searchworks; stellantis; travel
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To: Drew68

How about the re-introduction of the Grand Wagoneer just in time for the “Biden fuel price spike”?


21 posted on 12/10/2022 3:40:20 PM PST by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: Oldeconomybuyer

“...the industry had been adversely affected by factors including the ongoing COVID-19 pandemic...”

Didn’t Lunch Bucket Joey Bidet&Co say, a few weeks ago, that “the pandemic was over”?


22 posted on 12/10/2022 3:47:38 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Iceclimber58

Elizabeth Warren drives a white Cherokee.


23 posted on 12/10/2022 3:49:40 PM PST by Neverlift (When someone says "you just can't make this stuff up" odds are good, somebody did.)
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To: Drew68

10 speed automatic is trash
The 8speed automatic is trash
9/10 times i’m towing late model jeeps, its retarded computer issues, or transmission issues.

Plus Wranglers transfer cases get stuck mid shift in stupid ways if not mated to a manual.


24 posted on 12/10/2022 3:56:00 PM PST by SPDSHDW (Ya’ll knew he was installed via fraud, and chose to do nothing. Enjoy the roller coaster ride.)
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To: Oldeconomybuyer

The plant in Belvedere has been closing and laying off workers for decades. I’m not sure how many times the same people have lost their jobs there.


25 posted on 12/10/2022 4:02:59 PM PST by Bernard (“the rights of man come not from the generosity of the state but from the hand of God." JFK 1-20-61)
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To: Oldeconomybuyer

Cost a lot to make and No One Wants Them


26 posted on 12/10/2022 4:04:25 PM PST by butlerweave
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To: House Atreides

Idiots. People do not want electric Jeeps and People do not want electric Dodge Chargers.


27 posted on 12/10/2022 4:13:42 PM PST by gibsonguy
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To: Oldeconomybuyer

Glad one of my grandsons was able to get his awesome Jeep Gladiator before a possible production shutdown...


28 posted on 12/10/2022 4:27:48 PM PST by SuperLuminal (Where is the next Sam Adams when we so desperatly need him)
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To: SPDSHDW

Blame the fascist CAFE standards for all of that. Trying to get these vehicles to meet the standards means absurd things like 8-10 speed transmissions and complex computer control with huge reliability issues. Another gift from the rats.


29 posted on 12/10/2022 4:29:49 PM PST by gibsonguy
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To: griswold3


Sen. Ton Cotton, R-Arkansas, noted the irony of companies that he said discriminate against conservatives that run to the GOP to protect them from regulation. video
Sen. Tom Cotton grilled CEOs on “woke” policies during a hearing on a potential merger between the Kroger and Albertsons grocery chains

Sen. Ton Cotton, R-Arkansas, noted the irony of companies that he said discriminate against conservatives that run to the GOP to protect them from regulation.


30 posted on 12/10/2022 4:43:18 PM PST by Paladin2
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To: gibsonguy

Nothing wrong with a 10 spd xmission.

Though I like my 6 speed manuals better.

You want a 2 spd like the 50s/60s?


31 posted on 12/10/2022 4:44:52 PM PST by Paladin2
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To: House Atreides

Solyndra

Stellantis


32 posted on 12/10/2022 5:16:43 PM PST by ridesthemiles
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To: Drew68

Price of $89,900 PLUS with sales tax on top of that might be a clue.

IT IS A JEEP !!!!!!!!!!

NOT A MERCEDES !!!!!


33 posted on 12/10/2022 5:17:48 PM PST by ridesthemiles
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To: Oldeconomybuyer

Well don’t make the bloody things!


34 posted on 12/10/2022 5:18:23 PM PST by Bonemaker (invictus maneo)
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To: rktman

Pick up a copy of Hemmings Motor News.


35 posted on 12/10/2022 5:18:25 PM PST by ridesthemiles
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To: Carriage Hill

How much $$$$$ IN PPP funds did the company get???


36 posted on 12/10/2022 5:19:04 PM PST by ridesthemiles
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To: gibsonguy

Have 1976 1 ton 4 speed granny low dually Chevy truck.

Put over 250,000 miles on it & changed tranny one time-—Cost $600...R & R.

Not great mileage, but pulls horse trailer where ever I want to go with STUMP PULLER GRANNY LOW.


37 posted on 12/10/2022 5:21:39 PM PST by ridesthemiles
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To: gibsonguy

Or an electric Corvette.


38 posted on 12/10/2022 5:23:45 PM PST by Bonemaker (invictus maneo)
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To: Oldeconomybuyer

Sorry about people who bought into O’Biden’s green energy scam. As the government pushes GE, prices go up like lithium. Did Biden and Hunter go long in lithium and rare earths? I will bet that Pelosi did!


39 posted on 12/10/2022 5:27:03 PM PST by Kaiser8408a (z)
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To: MileHi

“with electric vehicles to make up half of its U.S. sales by 2030.”
“I doubt it. “

The U.S. will put Cuba to shame keeping old internal combustion engine vehicles running with spare parts when our Federal dictators tell us no new gasoline/diesel vehicles can be sold.


40 posted on 12/10/2022 5:59:17 PM PST by SharpRightTurn (“Giving money & power to government is like giving whiskey & car keys to teenage boys” P.J. O’Rourke)
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