My contacts working there say it came as a total shock to them. No warning or signs. Probably all the programs would come to a halt of half of the employees actually left.
My contacts working there say it came as a total shock to them. No warning or signs. Probably all the programs would come to a halt of half of the employees actually left.
Not surprising at all. Stellantis has become the modern version of AMC (American Motors). I’ve been telling people for months I expect Stellantis to liquidate assets in 2024-2025. Stellantis is losing too much money to justify continued vehicle production. Their huge price increases over the past few years made it worse. Stockholders can get the best return by selling everything off in pieces to the highest bidders. The Jeep, Dodge, and RAM brand names are worth megabucks.
…what in their company financials suggest your statements? Genuine question , no trolling.
Seriously. OP’s comment made me check their numbers out of curiosity, and their 1H 2023 results look pretty good to me
How do you figure Stellantis has been losing too much money when they have had higher profits than GM and Ford over the past few years?