Stellantis to lay off 1100 workers at Toledo plant, cut back JL and JT production

[Badunit]

I wonder what Stellantis is going to do about pricing. If they decrease the MSRP then customers who recently bought a Jeep will be ticked off that Stellantis had been price gouging or overcharging. If they leave MSRP where it is and increase incentives instead then all the news pundits and social media "influencers" will continue to say Jeeps are way over priced and it will appear to be true at first glance. If they continue on with no changes at all, the lots will stay full of unsold vehicles.

When you start ripping off your customers, it is hard to go back. I don't feel ripped off at the moment but I might if they significantly reduce MSRP or increase incentives.

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[Jrgunn5150]

I, for one, can't believe marking up platforms 30 and 50% without so much as a refresh, while raising rates from 0 to 8%, after historic supply chain shocks caused by forcing the stoppage of production while simultaneously subsidizing consumption could lead to this!

Also, who ever heard of such a thing as pride going before a fall?

 

[Gvsukids]

 

[BourbonRunner]

Cripes guys. Let it go.

BTT: I think that if Stellantis can keep it together for about a year more then they should be able to ride the upward swing. We very closely mirror the Carter into Reagan administrations economically and geopolitically. Domestically we're maybe 75% there. If I'm correct the next year is going to be rough but after that there should be a moonshot like the 1980s.

 

[Rockabillyroy]

Not sure if the vehicle prices will come back down. I remember the last time tariffs came around 2018 or so, $640 rock sliders jumped to $900 and $1200 hard tonneau jumped to $1800.

for the most part, pretty sure I've finished my build. The only thing I'm looking at now is the supposed airlynx update.

 

[Chaos Theory]

To be honest, if Stellantis and/or the Gladiator is at risk of failure/cancellation, the last thing I'm doing is purchasing a complex EV from them right now. How many people regretted buying a Mercury, Pontiac or Saturn in 2010?

 

[kevman65]

If one could get a hold of the stats of who is being laid off, one would probably find that a majority of the number are the ones who used to be classified "Temporary Employees" which is part of the reason for the last strike.

Temporary Employee in the UAW world is something fairly new. They worked for less an hour than Full Time Employees and had a smaller benefits package.

 

[Janster]

I didn’t read the entire thread…. but…I highly doubt anything is being cancelled. They have too much invested in it.

I’ve been working for the Printing industry since 1994. As ya’ll know… the printing industry has been dying a slow death. I’ve been lucky enough to dodge that bullet (being laid off) for years now. I’ve seen the company change ownership (from bankrupcy), I’ve seen the company split up into different entities/companies, I’ve seen many manufacturing plants close and my coworkers & friends lost their jobs, I’ve seen production plants being sold off to other companies…. In fact, just recently 9/24/24…. I was SOLD to another company as part of a production plant purchase. I’m still holding on…..

Companies have to do what they have to do …trim the fat, streamline their production & costs, whatever. Surely… it‘s not fair. But…. Business is business.

I realize…. they’ll either boot me off the ship, or the ship will sink. I’m prepared for it.

Layoffs suck ….but it’s happenIng everywhere in every aspect of business. From the biggest corporations to the smallest companies.

 

[Hootbro]

How many people regretted buying a Mercury, Pontiac or Saturn in 2010?

At least with Pontiac and Saturn, it was public knowledge for almost two years prior that the two brands were being closed down as part of the bankruptcy requirement. So if anybody in 2010 was buying one ignorant of the future, that was on them. Minus any unique interior or exterior body panels of any Pontiac or Saturn sold, most were well sorted being supported for warranty purposes due to the common platform architecture on the mechanicals shared with other GM brands.

Mercury was a different story though. That was like a 6 months warning the brand was being shut down, but the writing was on the wall for years due to the dismal sales of Mercury at the time and nothing was really unique to them anyways.

 

[legacy_etu]

At least with Pontiac and Saturn, it was public knowledge for almost two years prior that the two brands were being closed down as part of the bankruptcy requirement. So if anybody in 2010 was buying one ignorant of the future, that was on them. Minus any unique interior or exterior body panels of any Pontiac or Saturn sold, most were well sorted being supported for warranty purposes due to the common platform architecture on the mechanicals shared with other GM brands.

Mercury was a different story though. That was like a 6 months warning the brand was being shut down, but the writing was on the wall for years due to the dismal sales of Mercury at the time and nothing was really unique to them anyways.

Mercury, huh totally forgot about that brand. LOL

 

[Hugh Jorgan]

Cripes guys. Let it go.

BTT: I think that if Stellantis can keep it together for about a year more then they should be able to ride the upward swing. We very closely mirror the Carter into Reagan administrations economically and geopolitically. Domestically we're maybe 75% there. If I'm correct the next year is going to be rough but after that there should be a moonshot like the 1980s.

Regrettably I think the moonshot idea is most unlikely. More like a 40-60% reduction in economic activity within the next four five years.

..but let’s not quarrel over it. We’re both going to get a chance to see for ourselves.

And let’s see for real who gets it right.

 

[AmosMoses]

Not sure if the vehicle prices will come back down. I remember the last time tariffs came around 2018 or so, $640 rock sliders jumped to $900 and $1200 hard tonneau jumped to $1800.

for the most part, pretty sure I've finished my build. The only thing I'm looking at now is the supposed airlynx update.

I bought my rockhard sliders for $650 in 2020 and my rugged ridge hard tonneau cover for $1050 in 2021. Rockhard is made in the USA but they might get their steel from overseas.

 

[biodiesel]

When interest rates skyrocketed the housing and auto industries felt the pinch harder than anyone else. We all know about sales being off and the 15K+ 2023 JTs sitting on lots until Spring this year. We also know about the boneheaded managerial decisions of Stellantis. What doesn't get as much play is that the Feds put their thumb on the scale via regulatory changes, thereby compelling automakers to invest heavily in EV tech when sales were heading down and rates were climbing. That plus a few billion annually in increased CAFE fines are all compounding effects. I hope Stellantis can withstand the storm but right now it's not looking great.

Not to mention all the unskilled autoworkers that tried to hold Stellantis hostage because they wanted more money and better benefits than skilled workers.

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