Stellantis to Cut Up to 2,450 Workers, End Production of Old Ram 1500 Model
Stellantis(STLA) Investopedia·2024-08-10 06:35Key TakeawaysStellantis is ending production of an older Ram 1500 model, which could result in nearly 2,500 layoffs. The 1500 "Classic" is produced at a plant in Warren, Michigan. The automaker has not announced a replacement vehicle, which has raised alarm bells at the United Auto Workers union. Stellantis N.V. (STLA) is ending production of its Ram 1500 Classic truck and laying off as many as 2,450 factory workers in the process. The vehicle is produced alongside the Jeep Wagoneer and Grand Wagoneer at a ...