Stellantis Production Halts After Trump's Auto Tariffs Announcement

Stellantis halts production at plants in Canada and Mexico after Trump announces 25% tariffs on foreign-made cars, impacting Chrysler Pacifica, Dodge Charger, Jeep Compass, and Jeep Wagoneer. General Motors increases production of light-duty trucks in response. Stellantis previously outsourced jobs to low-wage foreign countries.

Stellantis Pauses Production Due to Automotive Tariffs

Stellantis pauses production at assembly plants in Canada and Mexico due to new 25% automotive tariffs imposed by President Trump, impacting about 900 U.S. employees and 4,500 hourly workers in Canada. The company is reviewing its options and engaging with key stakeholders.

Stellantis Unveils STLA AutoDrive 1.0 System

Stellantis unveils STLA AutoDrive 1.0 system, a Level 3 autonomous driving technology that allows hands-free and eyes-off driving at speeds up to 37 mph. While ready for deployment, Stellantis is holding back due to limited market reception.

Push to Repatriate Chrysler by Senator-elect Bernie Moreno

Senator-elect Bernie Moreno plans to push Stellantis to repatriate Chrysler into American hands, part of his 'Automotive Manufacturing Renaissance' plan. He aims to end electric vehicle subsidies, eliminate rules creating an electric vehicle mandate, stop California dictating emissions standards, and incentivize car companies to build in America.

Auto Industry and Electric Vehicle Mandates

Auto executives from Ford, GM, and Stellantis are urging President-elect Donald Trump to maintain President Joe Biden's Electric Vehicle (EV) mandates despite the lack of profitability and potential job losses. The automakers have heavily invested in EVs but are struggling to make a profit, and fear being undercut by competitors if the mandates are scrapped.

Stellantis and Jeep Gladiator Challenges

Stellantis, the company formed from the merger of Fiat Chrysler and PSA Group, has faced challenges with its Jeep Gladiator and other brands due to increased prices and mismanagement, leading to decreased sales and layoffs. Dealers and workers are expressing concerns about the company's direction.

Stellantis Layoffs and Outsourcing

Stellantis lays off 400 American engineers to cut costs, plans to hire engineers in low-wage countries like Brazil, India, Mexico, and Morocco at a fraction of the cost. CEO Carlos Tavares secures a $39 million compensation package. Outsourcing leads to production complications and layoffs in the US.

Tesla and Competitors' Job Cuts and Sales Declines

Elon Musk calls for 'absolutely hardcore' job cuts at Tesla, laying off hundreds more employees to control costs. Tesla dismisses two key executives and cuts entire teams in response to stalling demand for electric cars and growing competition from China. Volkswagen and Stellantis also report drops in sales and profits due to market slowdown.