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The Chrysler parent faces slipping sales in North America, which has historically brought in sizable profits thanks to sales of its popular Jeep and Ram vehicles. The company's emphasis on cost ...
DETROIT — Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 pickup truck in ...
DETROIT — Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits.
One or more of the Big Three could have merged, enabling cost savings and focusing on the most profitable brands. However, the UAW and CAW opposed this move, as it would certainly involve layoffs. GM and Chrysler held talks which ultimately went to nothing, with Chrysler, as of June 10, 2009, a fully owned subsidiary of Italian automaker Fiat. [22]
In 2021, Chrysler's new owner, Stellantis, announced that Heavy Duty trucks will continue to be produced in Mexico. [ 5 ] In August 2024, it was announced up to 2,450 workers at Warren Truck could be laid off as Ram 1500 Classic production comes to a close.
The plant was idled during the Chrysler bankruptcy filing and became a one-shift operation from July 2009. [22] A "temporary" second shift was added by October 2009. [23] In May 2019, Chrysler laid off 1,403 employees after the "C" shift was eliminated. [24] Production of vehicles dropped from 263,521 in 2008 to 84,609 in 2009. [25]
Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping ...
On June 10, 2009, Chrysler Group LLC emerged from a Chapter 11 reorganization bankruptcy and its stake was subsequently bought by the Italian automaker Fiat. [28] [29] On June 3, 2011, Fiat bought out the remaining US Treasury's stake in Chrysler for $500 million, increasing its ownership of the automaker to 53 percent. [30]