''The automaker is weighing three options for the plant in Ellesmere Port, England, according to people familiar with the matter. It either will invest in making a new version of the Vauxhall and Opel Astra compact car there, build a different model at the facility, or shut it down, said the people, who asked not to be identified because no decision has been made.''
The site employing about 1,000 workers has emerged as an early test case for the U.K.’s carmaking prospects after the Brexit trade deal reached in late December. Stellantis Chief Executive Officer Carlos Tavares froze investment in the factory earlier in the year due to uncertainty about Britain’s future trading relationship with the European Union. While a crisis was avoided, the CEO has raised concerns about additional costs and bureaucracy, as well as Prime Minister Boris Johnson’s 2030 ban of combustion-engine cars.
“You put your investment close to the market where you sell the highest volume,” Tavares said in January. Given that, he asked rhetorically: “What is left for the U.K.?”
Either the new PSA-Developed AstraStellantis may announce a decision as soon as Wednesday evening after meeting on the matter, according to a spokesman, who declined to comment further. The company also formed from the merger of PSA Group and Fiat Chrysler makes commercial vehicles at a factory in Luton, England. That plant’s future is secure, the people said.
or New Product altogether (CUV)
Or Closure.
Stellantis Deciding Whether to Close U.K. Plant After Brexit (msn.com)
Stellantis will be reporting earnings for Q4 + full year FCA 2020 earnings next Wednesday as well PSA's.
Keep in mind the merger wasn't complete until January 16th 2021..............this will also be the first set of PSA's finances in according to American Reporting Standards of the U.S. SEC instead of just the French standards (for one of examples of the differences French standards doesn't require quarterly financial reporting).