WHO KNEW!?/S
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 ...
Gee for only 3 billion they can save 2 more days of fuel.
Guess these guys have to wait in line behind the coal miners and pipeline workers for their classes on how to build solar panels.
F**king disgusting what these people are doing to this country. Nothing but graft and corruption.
“ Stellantis has said it will invest more than $31 billion through 2025 on electrifying its vehicle lineup”
*******************************************
Money well wasted. /sarc
“Stellantis has said it will invest more than $31 billion through 2025”
That’s a fair chunk of change.
Maybe they can help me update a 1990 GWagoneer and a ‘82 Cherokee?
Another great job by their union selling them out to libtards again
Apparently sales of the Cherokee have cratered which begs the question, how did Jeep ruin one of their best-selling vehicles?
Does the Cherokee Nation know about the name. Are they getting a cut.
Native American names are only for Indian people to use.
I doubt it.
Governments here in the USA and in several other countries are severely interfering with the free market economy by setting a date for criminalizing gas-powered cars. These governments will: cause our gas cars to be a total financial loss, destroy the petroleum industry, destroy auto manufacturing, overload the electrical grid and plunge us all into freezing darkness, make us all immobile because there is not enough electrical capacity in the system to supply power to even a small fraction of the electric cars that they are mandating.
All instances of total economic breakdown have been caused by the government.
joe can just shell out another 30 billion or so to replace these people wages...
To quote Tom Cotton, “I’m Sorry That’s Happening To You, Best Of Luck”
Fiat - Peugeot
Only solution if for the government to throw more money at it.
“Apparently sales of the Cherokee have cratered which begs the question, how did Jeep ruin one of their best-selling vehicles?”
Jeep has had something above a niche market with their vehicles. You would have to had “intentional screwup” to mess with that. Woke who knows.
Hard to buy an ICE car when the majors are all switching to EVs. 🖕
And that is called fascism.
We have been fascist for years.
Heavy regulation on private businesses is the definition.
Why don’t they just come out and admit they went full ESG, promised they were going all electric and ran face first into the reality the batteries are becoming just too damn expensive.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.