Vauxhall owner Stellantis puts over 1,100 jobs at risk with plans to shut major factory

cityam2024-11-26

Vauxhall is owned by Stellantis. Vauxhall increased its sales and profit in 2023. (Photo by Carl Court/Getty Images) Vauxhall owner Stellantis has announced plans to close its van manufacturing plant ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486723000?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2024/11/GettyImages-648721890-2.jpg.webp?w=400&h=225&crop=1","is_english":true,"pubTime":"2024-11-26 23:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486723000","market":"fut","top_or_hot":-1,"title":"Vauxhall owner Stellantis puts over 1,100 jobs at risk with plans to shut major factory","media":"cityam","content":"<div>\n<p>Vauxhall is owned by Stellantis. Vauxhall increased its sales and profit in 2023. (Photo by Carl Court/Getty Images) Vauxhall owner Stellantis has announced plans to close its van manufacturing plant ...</p>\n\n<a href=\"https://www.cityam.com/vauxhall-owner-stellantis-puts-over-1100-jobs-at-risk-with-plans-to-shut-major-factory/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vauxhall owner Stellantis puts over 1,100 jobs at risk with plans to shut major factory</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVauxhall owner Stellantis puts over 1,100 jobs at risk with plans to shut major factory\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-26 23:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/vauxhall-owner-stellantis-puts-over-1100-jobs-at-risk-with-plans-to-shut-major-factory/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vauxhall is owned by Stellantis. Vauxhall increased its sales and profit in 2023. (Photo by Carl Court/Getty Images) Vauxhall owner Stellantis has announced plans to close its van manufacturing plant ...</p>\n\n<a href=\"https://www.cityam.com/vauxhall-owner-stellantis-puts-over-1100-jobs-at-risk-with-plans-to-shut-major-factory/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMMT","symbol_name":"Summit Therapeutics PLC","start_time":0,"source_url":"https://www.cityam.com/vauxhall-owner-stellantis-puts-over-1100-jobs-at-risk-with-plans-to-shut-major-factory/","article_id":"2486723000","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/11/GettyImages-648721890-2.jpg.webp?w=400&h=225&crop=1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486723000","pubTimestamp":1732635744,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Vauxhall is owned by Stellantis. Vauxhall increased its sales and profit in 2023.  Vauxhall owner Stellantis has announced plans to close its van manufacturing plant in Luton, placing 1,100 jobs at risk. The Dutch carmaker said it would instead consolidate electric van production at Ellesmere Port in Cheshire with a 50m investment.It comes following reports the UK government will water down plans to fine automakers based on the number of zero-emission vehicles they sell. Business secretary Jonathan Reynolds is expected to announce a consultation on the rules at an industry dinner on Tuesday evening, following intense lobbying from a number of British carmakers.Carmakers have voiced concern over slowing demand from private consumers, although the industry’s figures for take-up, provided by the Society of Motor Manufacturers and Traders , are disputed by some experts.Stellantis warned in June it may be forced to stop production in the UK should demand for electric vehicles  not increase.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMMT":"Summit Therapeutics PLC","BK4099":"汽车制造商","LU2488822045.USD":"ALLIANZ CHINA HEALTHY LIVING \"AT\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4139":"生物科技","BK4588":"碎股","LU1064927863.SGD":"JPMorgan Funds - Europe Dynamic A (acc) SGD-H","STLA":"Stellantis NV"},"translate_title":"沃克斯豪尔所有者Stellantis计划关闭主要工厂，使1,100多个工作岗位面临风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMMT":1,"STLA":1},"content_text":"Vauxhall is owned by Stellantis. Vauxhall increased its sales and profit in 2023. (Photo by Carl Court/Getty Images) Vauxhall owner Stellantis has announced plans to close its van manufacturing plant in Luton, placing 1,100 jobs at risk. The Dutch carmaker said it would instead consolidate electric van production at Ellesmere Port in Cheshire with a £50m investment.It comes following reports the UK government will water down plans to fine automakers based on the number of zero-emission vehicles they sell. Business secretary Jonathan Reynolds is expected to announce a consultation on the rules at an industry dinner on Tuesday evening, following intense lobbying from a number of British carmakers.\n\nCarmakers have voiced concern over slowing demand from private consumers, although the industry’s figures for take-up, provided by the Society of Motor Manufacturers and Traders (SMMT), are disputed by some experts.Stellantis warned in June it may be forced to stop production in the UK should demand for electric vehicles (EVs) not increase.Companies House accounts show that prior to Tuesday’s announcement, Vauxhall had already cut its employee count from 1,488 to 1,283 in the latest financial year, even as profit rose and turnover reached over £2.5bn.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486723000"}