Automakers

Stellantis signals more job cuts ahead in cost-reduction crusade

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CFO Natalie Knight said Stellantis expects to spend about $200 million less on steel and raw materials for EVs in the second half of the year than in the first half.
June 21, 2024 01:55 PM

The industry's shift toward electric vehicles has sparked a global cost-cutting crusade at Stellantis, which is shrinking its North American workforce, offshoring some engineering work and consolidating its lineup onto a small number of versatile platforms that can support multiple body styles and powertrains.

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