Chrysler parent Stellantis on Friday said it will indefinitely halt operations at an assembly plant in Illinois in February, citing the rising costs to shift to electric vehicles.
A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cookon Friday said it will indefinitely halt operations at an assembly plant in Illinois in February, citing the rising costs to shift to electric vehicles.
The company said the auto industry "has been adversely affected by a multitude of factors like the ongoing COVID-19 pandemic and the global microchip shortage, but the most impactful challenge is the increasing cost related to the electrification of the automotive market."
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