Stellantis announced that it will lay off 1000+ autoworkers in Michigan.

It has also slow walked the reopening of a plant in Belvidere, IL.

Meanwhile, Stellantis spent $15B on stock buybacks and dividends since 2023 while giving its CEO a 60% raise.

Textbook corporate greed.

@rbreich Further evidence that Western capitalism cannot finance the decarbonisation of automotive transport.