The CEO of the maker of Jeep SUVs said if the economy and consumer demand worsen, that could be bad news for its Cherokee plant in Belvidere, Illinois, and perhaps other manufacturing facilities.
Stellantis NV last month announced it was idling indefinitely the Belvidere Assembly Plant, which makes the Jeep Cherokee, at the end of February because of supply-chain shortages and the cost of electrification. The plant employs 1,350 people, and the automaker says it's looking at alternative ways to use the facility.
"If we have a significant slowdown of the market, it's not going to help," CEO Carlos Tavares said during a roundtable following his keynote address at the CES consumer electronics show.
