Stellantis lays off about 400 salaried workers as automakers continue electric vehicle transition

Summary

Article Summary: Stellantis, the automotive conglomerate born from the merger of PSA Peugeot and Fiat Chrysler, is downsizing its workforce by around 400 due to the shift from internal combustion engines to electric vehicles, impacting their U.S. engineering and software departments. The strategic refocus includes launching new EV models to stay competitive, particularly against low-cost Chinese manufacturers, while ensuring affordability for consumers. Global rivals like Ford and GM are also adapting through workforce reductions.