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Market Chatter: Stellantis Plans to Produce More Ram Pickup Trucks in Mexico
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Market Chatter: Stellantis Plans to Produce More Ram Pickup Trucks in Mexico
Oct 17, 2024 1:20 PM

06:59 AM EDT, 10/16/2024 (MT Newswires) -- Stellantis ( STLA ) is planning to build its Dodge Ram 1500 pickup trucks in Mexico, the Wall Street Journal reported late Tuesday, citing people familiar with the matter.

Such a move could hurt relations with the United Auto Workers, with whom the automotive conglomerate recently signed a labor agreement promising to invest in US operations, the report said.

Stellantis ( STLA ) has been expanding its existing factory space in Mexico, the Journal reported, citing satellite images.

The plans to make Ram pickups in the space may change, the report said.

Stellantis ( STLA ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 12.88, Change: -0.03, Percent Change: -0.23

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