Stellantis NV Cuts 400 Jobs as It Shifts Focus to Electric Vehicles

Stellantis NV, the manufacturer of Jeep and Ram vehicles, is streamlining its product lineup towards electric cars, leading to a reduction of approximately 400 white-collar jobs in the US. This decision, impacting around 2% of the automaker’s global engineering, technology and software staff, is set to be implemented on March 31, as disclosed in a statement by Stellantis on Friday. The move reflects the company's strategic shift and adjustment to the evolving automotive landscape, emphasizing the increasing prominence of electric vehicles in the industry.