Stellantis lays off about 400 salaried employees in U.S.
Stellantis blamed the layoffs, which are effective March 31, on “unprecedented uncertainties and heightened competitive pressures around the world.”
The top 5 stories of the week: Nissan's wholesale push; EVs not turning profits
Here’s a quick look at the top automotive stories of the week.
Honda to trim U.S. dealer profit margins
The company is also making some reductions and changes in marketing, advertising and service payments as it adjusts spending for the shift to electric vehicles.
Stellantis emissions deal with California adds clarity for dealers
Stellantis previously said it had to limit shipments of gasoline vehicles in 14 states because it wasn’t allowed to join a 2020 deal California reached with other major automakers.
EPA compromises with auto industry on vehicle emissions rule
Amid industry backlash that initial requirements were unachievable in the six-year time frame, the EPA alleviated some of the pressure.