Why is Vauxhall owner Stellantis planning to close it's Luton factory?

906 views Nov 28, 2024
publisher-humix

cityam.com

Vauxhall owner Stellantis has announced plans to close its van manufacturing plant in Luton, placing 1,100 jobs at risk. The Dutch carmaker said it would instead consolidate electric van production at Ellesmere Port in Cheshire with a £50m investment. It comes following reports the UK government will water down plans to fine automakers based on the number of zero-emission vehicles they sell. Under rules introduced earlier this year, EVs must make up 22 per cent of company sales and 10 per cent of van sales this year, with firms forced to cough up a £15,000 fine for each sale that falls outside the mandate. Get more on the story 👇 https://www.cityam.com/vauxhall-owner-stellantis-puts-over-1100-jobs-at-risk-with-plans-to-shut-major-factory/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Guy Taylor, Scarlett Wild, Larissa Howie


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#Automotive Industry
#Business News
#Company News
#Hybrid & Alternative Vehicles
#Motor Vehicles (By Brand)
#Motor Vehicles (By Type)
#Tesla Motors
#Vauxhall-Opel
#Volvo