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Stellantis said it would lay off about 1,100 workers at its Jeep plant in Toledo, Ohio, the latest in a series of job cuts as the automaker contends with bloated inventory and declining sales.

Ram brand sales are up 35% to 40% so far in October, Ram and Chrysler CEO Chris Feuell said at a Reuters automotive conference in Detroit Oct. 22.

Stellantis NV’s U.S. sales plunged 20% last quarter as the beleaguered automaker struggled to tame bloated inventories amid high interest rates and softening consumer demand.

Stellantis NV, the owner of the Jeep and Ram brands, plans to eliminate as many as 2,450 hourly positions at a pickup truck factory located near Detroit.

Jim Morrison, former U.S. head of the Jeep and Ram brands, has left Stellantis, adding to a string of executive departures as the automaker grapples with sluggish sales.

Stellantis NV is cutting about 400 white-collar jobs in the U.S. as the maker of Jeep and Ram vehicles works to shift its product lineup toward electric cars.

Offering small cars is the wrong approach to win over truck-loving Americans skeptical of electric vehicles, according to Carlos Tavares, CEO of Jeep-owner Stellantis NV.

Our Next Energy Inc., a battery startup hoping to rival China with vital energy storage technology, has replaced founder and CEO Mujeeb Ijaz as it faces a failed funding round and cash crunch.

Ford Motor Co. restarted production of the F-150 electric Lightning pickup truck as price cuts stoke higher demand from buyers.

The U.S. new car market is returning to pre-pandemic norms as supply chain issues resolve, forcing carmakers to ramp up deals to sustain sales growth.