Key Points:
- Though less well-known, Stellantis (NYSE: STLA), the maker of Jeep, Chrysler, and Dodge, has major issues including U.S. factory closings and layoffs.
- Job losses indicated by Stellantis at a Jeep facility point to more serious problems possibly causing brand selling off like Chrysler and Dodge to be threatened.
- Strong local competition in China is causing Western manufacturers like BMW, Mercedes-Benz, and Volkswagen to suffer; this is resulting in plant closures even in their home markets.
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