Connect with us

Hi, what are you looking for?

Stock

Stellantis plans to make Ram pickups in Mexico, WSJ reports

(Reuters) – Chrysler parent Stellantis (NYSE:STLA) is expanding its factory complex in northern Mexico to build Ram 1500 pickup trucks, the Wall Street Journal reported on Tuesday.

Stellantis has been building additional factory space next to its existing plant in Saltillo, Mexico, the report said, citing people familiar with the matter.

Two roughly half-kilometer-long buildings have been constructed in the past several months, according to satellite images reviewed by the newspaper.

However, the French-Italian automaker said that the Ram trucks would continue to be made at its Sterling Heights assembly plant, in the north of Detroit, and that “no other announcements have been made about production of the Ram 1500,” according to the report.

It is not clear if the planned factory space in Saltillo would be used to make battery- or gas-powered versions of Ram trucks, the report said.

Stellantis did not immediately respond to a Reuters request for comment.

In August, Stellantis announced plans to lay off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit after ending production of the Ram 1500 Classic truck.

This post appeared first on investing.com






    You May Also Like

    Editor's Pick

    Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

    Latest News

    A North Korean defector who escaped to the South more than a decade ago was detained after attempting to cross back into North Korea...

    Economy

    A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

    Investing

    Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

    Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 balanceandcharge.com