financetom
Business
financetom
/
Business
/
Stellantis plans to make Ram pickups in Mexico, WSJ reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stellantis plans to make Ram pickups in Mexico, WSJ reports
Oct 17, 2024 1:12 PM

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

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

In August, Stellantis ( STLA ) 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Teck Resources to Pay Treatment Charges for Mined Zinc at 3-Year Low
Market Chatter: Teck Resources to Pay Treatment Charges for Mined Zinc at 3-Year Low
Apr 2, 2024
01:44 PM EDT, 04/02/2024 (MT Newswires) -- Teck Resources' ( TECK ) agreement to pay Korean Zinc to treat zinc concentrate into refined metal at $165 per metric ton stands at a three-year low, Reuters reported Tuesday, citing sources familiar with the matter. Teck Resources ( TECK ) told Reuters it does not comment on negotiations. However, these treatment charges,...
Update: Market Chatter: Honeywell International Mulling Sale of Personal Protective Equipment Unit
Update: Market Chatter: Honeywell International Mulling Sale of Personal Protective Equipment Unit
Apr 2, 2024
01:45 PM EDT, 04/02/2024 (MT Newswires) -- (Updates to add Honeywell International's ( HON ) response in the third paragraph.) Honeywell International ( HON ) is exploring a sale of its personal protective equipment unit that may value the business at over $2 billion, Bloomberg reported Tuesday, citing unnamed sources. Working with an adviser, the company is looking into strategic...
Jose Andres, the celebrity chef sidestepping bureaucracy to bring aid to Gaza
Jose Andres, the celebrity chef sidestepping bureaucracy to bring aid to Gaza
Apr 2, 2024
MADRID, April 2 (Reuters) - Celebrity chef Jose Andres' disdain for red tape is one of the reasons why his food charity found itself coordinating the humanitarian effort in Gaza when seven of its workers were killed in an Israeli airstrike. The aid workers for World Central Kitchen (WCK) were killed when their convoy was hit shortly after overseeing the...
Update: PVH Shares Fall After Company Forecasts Drop in Q1, 2024 Revenue
Update: PVH Shares Fall After Company Forecasts Drop in Q1, 2024 Revenue
Apr 2, 2024
01:43 PM EDT, 04/02/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) PVH (PVH) shares fell 23% in recent Tuesday trading, a day after the company forecast declines in Q1 and 2024 sales. The company reported Monday non-GAAP Q4 net income of $3.72 per diluted share, up from $2.38 a year earlier. Analysts...
Copyright 2023-2026 - www.financetom.com All Rights Reserved