Jeep maker Stellantis NV said on Friday that it would stop operations at a 1,350-employee assembly plant in Illinois, citing the need to control costs in the face of supply-chain disruptions and high expenses associated with moving to electric vehicles.
The Netherlands-based global auto maker said that its factory in Belvidere, Illinois, which makes the Jeep Cherokee sport-utility vehicle, would be idled effective Feb. 28 and result in indefinite layoffs.
The company said it is looking at different uses for the plant and would try to place laid-off employees in full-time positions elsewhere.
