American electric vehicle manufacturer Rivian plans to cut down its workforce in an attempt to control costs as the company battles falling cash reserves and a potential price war with competitors. Rivian intends to lay off 6 percent of its workforce, CEO R.J. Scaringe said in an email to employees on Wednesday. Rivian is estimated…

Over a thousand employees at Stellantis’s assembly plant in Illinois are potentially set to lose their jobs as the company struggles with rising manufacturing costs. The Belvidere plant employs around 1,350 workers and is a site that manufactures the Jeep Cherokee SUV. Stellantis plans to indefinitely halt operations at the plant, which will result in…

Automaker Stellantis will indefinitely idle an assembly plant in Illinois that employs around 1,350 workers, the company said, citing the challenge of rising costs related to the electric vehicle (EV) market and other factors. The site, which will be idled beginning in February 2023, manufactures the Jeep Cherokee SUV. Stellantis, the parent company of Chrysler, Dodge,…