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 ...
How about the re-introduction of the Grand Wagoneer just in time for the “Biden fuel price spike”?
“...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”?
Elizabeth Warren drives a white Cherokee.
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.
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.
Cost a lot to make and No One Wants Them
Idiots. People do not want electric Jeeps and People do not want electric Dodge Chargers.
Glad one of my grandsons was able to get his awesome Jeep Gladiator before a possible production shutdown...
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.
“
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.
Nothing wrong with a 10 spd xmission.
Though I like my 6 speed manuals better.
You want a 2 spd like the 50s/60s?
Solyndra
Stellantis
Price of $89,900 PLUS with sales tax on top of that might be a clue.
IT IS A JEEP !!!!!!!!!!
NOT A MERCEDES !!!!!
Well don’t make the bloody things!
Pick up a copy of Hemmings Motor News.
How much $$$$$ IN PPP funds did the company get???
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.
Or an electric Corvette.
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!
“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.
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