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Chrysler-parent Stellantis is laying off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit as the automaker ends production of the Ram 1500 Classic truck.
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 ...
Stellantis CEO Carlos Tavares has been on a cost-cutting mission since the company was formed through a merger between Fiat Chrysler and France’s PSA Groupe in January 2021. It’s part of his ...
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.
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]
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]
The company has decided not to put any employees on indefinite layoff from Jan. 5 due to a previously announced shift reduction and will instead extend a worker adjustment and retraining ...
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]