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    Manufacturers/End Users

    October 10, 2024

    Shakeup in US auto industry with management changes, layoffs

    Written by Ethan Bernard

    European automaker Stellantis is mulling a major management shakeup following the company’s recently lowered 2024 guidance, according to a Bloomberg report. This comes amid a spate of layoffs in the last few months at Stellantis, which has significant operations in the US, and at General Motors.

    In its adjusted guidance at the end of last month, Stellantis cited a soft North American market and weakening industry dynamics worldwide.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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