Stellantis, a European conglomerate formed by the merger of the Italian Fiat Chrysler group and the French Peugeot group, offered buyouts to 33,500 of its workers in April and said it planned to slash the number of hourly workers by 3,500.
EV transition upends auto industry with rash of layoffs, buyouts, production cuts, bankruptcy
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In a submission to a parliamentary inquiry into the supply of batteries for electric vehicles released Wednesday, the parent company of Citroen, Fiat, Peugeot and Vauxhall said it may not be able to keep its commitment to manufacture its new fleet of cars in the U.K. without changes to the terms of the deal.
Automaker warns over U.K. operations and calls for Brexit trade deal renegotiation
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