Traditional car companies face a difficult road ahead, Stellantis will close its vehicle testing facility in Arizona, usa.
This decision is one of the latest cost-cutting measures taken by the company's CEO Carlos Tavares. Analysts believe that Tavares is facing increasing pressure from Wall Street, dealers, and the United Auto Workers (UAW) in the context of poor company financial performance, layoffs, and overall business decisions.
Market Chatter: Stellantis to Sell Arizona Proving Grounds to Reduce Costs
'Stellantis To Sell, Shutter Large Proving Grounds Testing Facility Amid Cost-Cutting Efforts' - CNBC
United Way Honors Stellantis' Pilarski With Highest Award for Philanthropy
Goldman Sachs Maintains Stellantis NV(STLA.US) With Buy Rating, Announces Target Price $17.4
Wells Fargo Maintains Stellantis NV(STLA.US) With Sell Rating, Maintains Target Price $11.92
