Stellantis said on Thursday it will stop making new cars at its Poissy plant near Paris within three or four years, as ​it works on cutting excess manufacturing capacity across Europe.
The Jeep and ‌Peugeot maker is facing chronic overcapacity in the region, where auto sales have yet to return to pre-pandemic levels. Rapid gains by low-cost Chinese competitors as well as a slower-than-expected transition to ​electric vehicles, which forced Stellantis to report a $25 billion writedown earlier this year, ​have compounded the situation.
Production of the DS3 and Opel Mokka in ⁠Poissy should cease at the end of 2028 at the earliest, after which ​the site will no longer produce new vehicles, but will continue to manufacture auto ​parts for other Stellantis factories, a company spokesperson told Reuters following talks with unions.
During the meeting, Stellantis told unions that the date of end of production, penciled for the end of ​2028, would be confirmed later on.
Stellantis, which has four other factories in France, ​will invest 100 million euros ($117.96 million) to overhaul the Poissy site, enabling new activities such as ‌3D ⁠printing for parts or reconditioning and recycling used vehicles.