Stellantis is hiring engineers from Brazil and India for around $53k to cut costs, a Bloomberg report says The equivalent engineer working in the U.S. or Europe would cost the company $150-200k Strategy is focused on reducing spend to drive vehicle prices down and better compete with Chinese automakers Many automakers already build their cars in other countries and take advantage of cheaper labor costs.
Chinese firms are currently the only ones capable of building an EV for the same price as a combustion car, and their Western counterparts are banking on next-generation electric platforms and batteries helping to close the gap. But new, cheaper, tech is only part of the solution to wider cost-related problems in the Western car market including a slowdown in demand for electric cars. Headcount cuts, like the 400-strong reduction in its U.S.
Source: Car News Wire (carnewswire.net)
Chrysler Citroen Dodge DS Fiat Industry Jeep Maserati Peugeot Production Ram Reports Stellantis
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