Stellantis Selling Indiana Factory As Well đł
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- Äas pĆidĂĄn 30. 06. 2024
- In today's video I talk about the possible sale of the Indiana Stellantis factory as an update to our story on the Mexico factories. Employees have been reaching out with information.
What do you think, is this Stellantis Cutting and selling assets the begining of the end of Stellantis in America? - Auta a dopravnĂ prostĆedky
Kokomo has 4 operating plants currently. We have 2 transmission plants, one engine plant, and one casting plant. All UAW plants. There was an additional 5th plant 20 minutes south in Tipton that closed late last year. We also have a brand new joint venture battery plant in Kokomo that is currently under construction and was promised to be UAW linked to the four remaining plants. In Kokomo we are hearing the same rumors by some upper managers while others dismiss them. It wouldn't suprise me as these factories are a target for him to get back at our UAW President Shawn Fain. Kokomo is Fain's hometown and his original local. Many of us feel like this is a personal attack at how Fain acted and what was said during our last contrast negotiations. This town at one time was the largest local UAW in the Stellantis/Jeep/Dodge Family. We are hoping our International UAW will address this ASAP and do whatever is necessary to protect our jobs and future work. Time will tell.
Since I have NO skin in the game so I am asking this question as an outside observer. So I ask the question? I need a CHEAP car. As a software engineer, my work for the most part has been outsourced overseas and fortunately it doesn't affect me much. NO ONE raises a big stink that well paying software jobs are being outsourced overseas. SO WHY should car workers be any different?
This is just general advice. Your grandfather was a UAW worker and got a great retirement. Your father was a UAW worker and got a good retirement. You as a UAW worker might make it to a so so retirement. BUT and GET it in YOUR son's head. Your son will be lucky to be a UAW worker and probably won't get a retirement.
My father saw the handwriting on the walls back in the early 80s so I and my brothers didn't end up working in the factory.
China can probably ship over a cheap car for under $20K. Granted it will be a piece of junk built by cheap almost slave labor. I don't see us building a car for under $40K with UAW labor wages.
Iâve been hearing ZF rumors the whole time Iâve worked here. I doubt they are serious.
I agree that Carlos wants to hurt Shawn Fainâs hometown after the contract. Investor meeting is set for July 25âŠweâll see what else rolls down hill between now and then
Wait the fca facility acroas from the loves is no longer being used by stellantis?
The Death Spiral continues...đ€Šââïž
I was just in Kokomo for the Chrysler 300 Club International Spring 2024 Meet in May. I learned a lot while I was there, enjoyed meeting local people, thank you! Major take away - Indiana was home to most of the nascent auto industry, and vast skilled labor/precision machining industry, before Detroit was even on the map. A lot of infrastructure and manufacturing facilities are still in place but I suspect many are either vacant, or running one vs. two to three shifts, not on account of any deficiency of local talent or work ethic, it based on poor corporate and political decision making which has only accelerated in the late 40-50 years. Really a shame since most of my prized vehicles that actually exude class and engineering excellence, were born from places like Kokomo, certainly not Mexico or China.
Thank you...and love those letter cars â€ïž
That plant has been a transmission plant since it opened, 50+ years ago.
Stellantis' no longer says proudly made in America but proudly sold in America.
at least they hope.
The new UAW contract probably was a big part of why this is happening. I wouldn't put chinese tires on my car and I will not buy a chinese explodomobile
Yep my last FCA stellantis vehicle purchased.
Same
I see the end of a era, When I saw that Stellanitis started with there BS high prices, it's looking like there's already one foot in the grave.
Who doesn't have "BS high prices"?..
Nope, they are just tying to crush the American market. They are very profitable over seas. They want to see the American economy fail. Carlos is but one of a large group of corporate elites that are working to crush America.
probably selling everything in USofA
Drove by the Jeep plant in Toledo over the weekend, hundreds of new vehicles in their lots not moving.
Circling the drain
Time to earn money like a boss and short the stock again. Thanks TK you provided such great information. I'm always glad to learn from you guys. Never was much of a car guy but your slowly changing that.
Just came across my local news feed, WDIV 4 Detroit, Stillantis is going to one shift one at the Warren truck plant to âalign production with sales.â
Hope youâre well my friend! I think that itâs a good possibility!
I guess It is at this point tavares is probably going to let the mopar brands die. I guess our only option is to accept it
These brands have little to no value. If Stellantis can sell Dodge/Chrysler they certainly will. It's not like selling Coca Cola. No line formed to buy Oldsmobile, Pontiac, Saturn, etc. Not sure why one would form now. Nothing but headaches that would require enormous infusions of capital. Cost to borrow is not favorable at the moment and VC would have zero interest in a dying industry.
Itâs the Belvedere Illinois plant that is going to be sold.
You pronounced correctly. I live there/here.
I heard on the local Detroit news today that theyâre moving to only one shift at the Warren truck plant for the entire month of July. They build the Jeep Wagoneer and Ram 1500 Classic there.
Man this is really bad, and Carlos Tavares CEO needs to be fired !! And all American Investors need to come in the are car and enthusiasts , Seriously rescue this company Chrysler corporation from Stellantis immediately !!!đșđžđșđžđșđžđ€đ€đȘđȘđȘđȘ
Shawn Fain, "Eat the Rich" what a slob! The shame is the workers will get slaughtered over the new contract, not HIM! Just like all the other UAW leaders who were shamed or sent to prison.
Shawn set them up for failure all along he is a very RICH man! He is a huge part of the problem in this country & it's sad the average workers bought his bullshit.
Shawn fain said âeat the richâ but is in the top 1/3 of wages earners in the state of Indiana. Look up what is going on with him now and his White House appointed position. Nothin looks good for stellantis right now and we are hearing the same about ZF in the plants
Where is biden now?
Yes, because everyone wants to thank him.......
Always have to make it political. What about Trump promising all of those GM auto workers in Ohio that their jobs were secure under his presidency. Then they closed. Trouble is we cannot compete on a cost of labor scale period. GM makes a number of their vehicles in Korea. with a three percent US content. Those workers should have realized this. Comes down to Corp. greed nothing more.
Jumped down the rabbit hole when is it going to hit the bottom
Gotta hand it to Carlos, he loves giving You, OC, and Butter the content.
đ would have been nice if these co workers of mine would have let you know we have 4 plants here in Kokomo. Not just 1.
Carlos is playing 4D chess while us Mopar fans are trying to win at checkers.
Either we give up or change the game
I've said it numerous times, Stellantis is going to keep Jeep but sell off Chrysler, Dodge, Ram brands, if not close them down!
TK'S Garage Friend keep up the great work đșđžđșđžđșđžđđđȘđȘđȘđđđđ
Was the factory a profitable asset? Many major companies/corp are doing a lot of belt tightening over the next 18-24monthsâŠ.Stellantis wants to make 30% cost reductionâŠif the factory is redundant and there is other ones doing the same thingâŠsell it off
there are a lot of hard choices ahead
Carlos Tavares job as a CEO is to save the company and keep investors happy..and when u see numbers like heâs paided 40 millionâŠ.thatâs rarely in actual cash..itâs usually in stockâŠwhich is locked up for a number of yrsâŠ.before he can withdraw itâŠ.its in his own interests for Stellantis to survive
BYD wouldn't be allowed, it has to be cleared by regulatiors and with another administration incoming, it wouldn't be finalized because of national security interest..
Don't need them if they are building EV'S. It takes fewer people to build them. They may also be looking to do a lot of outsourcing to get around UAW wages and tax laws. This is just me speculating though.
BYD is not going to make el. cars here. They will assemble tofu parts from China here.
Shouldn't he be in the garage?
I'd bet on china, but I say it's a shame that foreign company's can buy our land and businesses.
The plan was always destroy not build, that's what your seeing
Soon These Cars Won't Be Worth The Space They're Taking Up! I See Many Dealers Going Out Of Business!
Dodge is becoming Fordâs number 1 customer!
It's all for sale
At this point they should just sell Dodge.
The Chinese are very patient. If they feel now is the right time to find a way into our market they will make a move. CDJR would be a prime target with Carlos deciding to cut costs by 30%. They might only take Dodge to get their feet in the door. However, they may let things get worse. New vehicles are not selling with the increase in prices, interest rates, and a weak general economy. My opinion is that they may wait until the next presidential election and see what policy changes occur. If they can get a foothold in the U.S. market with cheap but drivable vehicles the big U.S. automakers may be in for a rude awakening. One cannot also rule out the Chinese finding a way to influence our politicians to get their way. I will leave how the influence might happen to your imagination.
Ram and jeep are ok.i think chrysler is done and it isn't looking good for dodge.
Manufacturing being destroyed in this country on every level
Imported TO Detroit.
I think the uaw not going to anything
Like your videos. I always disliked the gen 3 hemi because it needs 16 plugs. I know why etc. how about a 5 lite4 ball stud hemi with one plug? What a shame. When I came home from the war in 69 and went to ,y dodge deale4 I had all kinds of choices. RT Coronets with a choice of 440 or hemi. 3500 for anything.
Fein n Carlos golfing right now......another Bob eaton
Made in France sold in America
Tavares is nothing more than a corporate raider when it comes to the U.S. brand⊠Iâm curious to see if he starts axing other budgets and brands under the Stellantis umbrella⊠would anyone be shocked if Stellantis becomes nothing more than a RE holdings company or worse, a classical buy and dismantle operation for the foreseeable future.
TATA will buy Jeep
FJB
Can't see ZF buying that place unless its to make there own products wicth is mainly gearboxs and rolling stock,and they are getting rid of 12,000 jobs worldwide,i can see them buying that place to get round taxs be-ing a german firm which means a lot jobs there will be lost,they made around 45 billion last year
Donât you know that UAW is to blame for this stuff