Stellantis to Halt Car Production at Poissy Plant by 2028
Automotive giant Stellantis has announced plans to cease new car production at its historic Poissy plant near Paris by the end of 2028. This strategic decision aims to address chronic overcapacity in the European market, where vehicle sales have not fully recovered to pre-pandemic levels. The company faces intensified competition from low-cost Chinese manufacturers and a slower-than-expected transition to electric vehicles, which recently resulted in a significant $25 billion writedown. While the site will stop manufacturing models like the DS3 and Opel Mokka, it will continue producing auto parts and pivot towards new activities such as 3D printing, vehicle reconditioning, and recycling. Stellantis intends to invest 100 million euros to overhaul the facility for these new operations. Currently employing approximately 1,600 workers, the workforce is projected to decrease to 1,200 by 2030 due to natural attrition, with around 1,000 new roles created to support the transformed business model. This move reflects broader restructuring efforts within the European automotive industry as traditional manufacturers adapt to shifting market dynamics and technological changes.
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Stellantis to Halt Car Production at Poissy Plant by 2028
Automotive giant Stellantis has announced plans to cease new car production at its historic Poissy plant near Paris by the end of 2028. This strategic decision aims to address chronic overcapacity in the European market, where vehicle sales have not fully recovered to pre-pandemic levels. The company faces intensified competition from low-cost Chinese manufacturers and a slower-than-expected transition to electric vehicles, which recently resulted in a significant $25 billion writedown. While the site will stop manufacturing models like the DS3 and Opel Mokka, it will continue producing auto parts and pivot towards new activities such as 3D printing, vehicle reconditioning, and recycling. Stellantis intends to invest 100 million euros to overhaul the facility for these new operations. Currently employing approximately 1,600 workers, the workforce is projected to decrease to 1,200 by 2030 due to natural attrition, with around 1,000 new roles created to support the transformed business model. This move reflects broader restructuring efforts within the European automotive industry as traditional manufacturers adapt to shifting market dynamics and technological changes.
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