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Stellantis Will Cut About 630 Temporary Employees At Mulhouse In France

In a move aimed at enhancing profitability amid changing market dynamics, Stellantis has announced the discontinuation of the night shift at its Mulhouse Assembly Plant in France, effective March 4, 2024. The decision, affecting approximately 600 employees, comes just two years after the reintroduction of the night shift. The management of the Stellantis plant in … (read full article...)

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The next two years are going to be tough for automotive manufacturers. Early adopters of EVs are mostly satisfied, mainstreamers are waiting for prices to settled, and we the laggards will lag, so they can't attract customers with EVs. ICE buyers likely bought in the last few years (based on sales figures) so they are 4-8 years from replacement. That leaves accident replacements neigh of a breakout vehicle.

Fuel prices are going to hover around where they are unless the middle east erupts into chaos (irrespective of who win elections anywhere)
EV range is not going to change significantly in the next three years (although it would be interesting to see how BE powered ICE charged models draw attention)
Folks are going to need lesser equipped sub $35k vehicles to purchase and there are few out there these days, especially from the Mopar family. This will hold true if their financial situation requires them to drop/end their existing lease of a 70+k SUV/Truck and $900/mo payment.

If Chrysler is going to be all E (which suggests 30K-80K price points), the Dodge is all P (which is lower price point but not mass appealing), and Jeep is all Jeep, and RAM is all Truck/Commercial, does that really leave FIAT as the opportunity to introduce vehicles that are $25-$35k with less features and maybe smaller in size? That is not a good position to be in if my postulate holds true.

</thoughts>
 
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