Slow Sales Force Stellantis to Hit Brakes on SUV Production ...Middle East

OILPRICE - Economy
Slow Sales Force Stellantis to Hit Brakes on SUV Production
source : OILPRICE ( Middle East ) () 52
Signs from the auto industry continue to look grim. Tuesday it was Ford guiding expectations below Wall Street's estimates and yester it's Stellantis announcing it is pausing production of its Durango and Grand Cherokee models due to "slow sales". Manufacturing facilities at FCA's large Detroit Assembly Complex - Jefferson will be paused for a week, Motor 1 reported. Stellantis told its workers there would be a 'temporary shutdown' and 'subsequent layoffs' as a result. Mopar Insiders first posted the "Important Notice of Layoff" memo, which said:…

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