DETROIT (Reuters) – Stellantis NV Chief Executive Carlos Tavares said Tuesday the company is “looking for a solution” for an Illinois assembly plant scheduled to stop production today, but the status quo cannot continue because of the high costs of electric vehicles.
“We need to find a solution for the fact that the technology that has been decided is 40% more expensive” than combustion vehicles, Tavares told reporters during a videoconference. That means changes in the automaker’s production footprint, he said.
The United Auto Workers union, which represents 2,300 workers at the plant, said Tuesday the decision to shut the factory “will not stand.”
(Reporting By Joe White)
