Stellantis' European Factory Shuffle: China's Dongfeng in Talks

Stellantis, the second-largest auto maker in Europe, is considering selling or sharing four factories in Europe to tackle overcapacity issues. The plants in question are Rennes, Cassino, and Madrid. Dongfeng Motor, a Chinese company, is in talks to restart their partnership, potentially involving joint production in Europe and China. Unions are protesting job cuts and supplier impacts, while Stellantis is spreading the pain across countries. The Poissy plant near Paris will cease car production after 2028. Keep an eye on their capital markets day on May twenty-first for the full strategy. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/eb3574b31ae5fbb2