Stellantis to close 4,000-acre Arizona Proving Grounds
Stellantis to close Arizona Proving Grounds and sell the property
Stellantis will close its Arizona Proving Grounds this year as it works to sell the property. It was one of numerous facilities, including the Auburn Hills headquarters and technology center, that the automaker,
Stellantis to sell Arizona testing grounds in further cost-cutting measure
As part of its efforts to lower costs and preserve cash, Stellantis (NYSE:STLA) plans to sell its vehicle testing grounds in Arizona by the end of the year, according to sources cited by CNBC. The 4,000 acre facility has been in use since 2007 when Chrysler purchased the property from Ford (F) for $35M.
Stellantis to close 4,000-acre Arizona Proving Grounds as it trims costs
The automaker confirmed it is marketing the Yucca, Ariz. facility for sale and plans to depart by the end of the year.
Stellantis to sell, shutter large proving grounds testing facility amid cost-cutting efforts
Automaker Stellantis plans to close and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned. The Arizona Proving Grounds, used to develop and test vehicles, covers 4,
Stellantis lays off 1,100 at Michigan plant, will close Arizona proving grounds
Stellantis warned in August that as many as 2,450 workers at the Warren Truck plant would be laid off, but the actual number is less than half as many.
Stellantis is closing its Arizona Proving Grounds
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and more cost-cutting from Stellantis.
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