FILE -- The Stellantis sign appears outside the Chrysler Technology Center in Auburn Hills, Mich, on Jan. 19, 2021. Stellantis, one of the largest automakers in the world that owns Chrysler, Dodge, Jeep and other brands, on Tuesday, March 19, 2024. agreed to follow California’s rules to cut greenhouse gas emissions from cars in a move that will help the state advance its move away from gas-powered vehicles.
“As the auto industry continues to face unprecedented uncertainties and heightened competitive pressures around the world, Stellantis continues to make the appropriate structural decisions across the enterprise to improve efficiency and optimize our cost structure,” the company said in a prepared statement Friday.
“While we understand this is difficult news, these actions will better align resources while preserving the critical skills needed to protect our competitive advantage as we remain laser focused on implementing our EV product offensive,” the statement said.Governor signs bills creating electric vehicle charging station network across Wisconsin
Stellantis plans to launch 18 new electric vehicles this year, eight of those in North America, increasing its global EV offerings by 60%. But Tavares told reporters during earnings calls last month that “the job is not done” until prices on electric vehicles come down to the level of combustion engines — something that Chinese manufacturers are already able to achieve through lower labor costs.