Jeep Is Going Bankrupt - Why? (Video)
In this 14 October 2024 video, host Brandon, a used car dealer shares the ins and outs of the used car market from his perspective. He shares updates on car prices, what’s happening at the dealer auctions and what it’s like being a dealer. His goal is to share information to help customers make the best decisions while buying a car to save money. He does not want car dealers taking advantage of their customers.
Manufacturer Stellantis has laid off 1,100 workers, and the layoffs could impact its U.S. workforce of 52,000. The company is also under pressure to cut inventory in the U.S. and revive sales and margins. Stellantis’s sales and market share have been declining, and the company ended 2023 with sales losses that were higher than competitors. Stellantis has a glut of unsold cars and as of December 2023, Stellantis’s total debt was $32.57 billion.
Stellantis is also involved in a dispute with the United Auto Workers (UAW) union:
- The UAW claims that Stellantis didn’t keep its commitments to reopen the Belvidere plant, which was idled in 2023.
- Stellantis rejects the UAW’s proposal to restore the Jobs Bank concept.
- Stellantis has filed lawsuits against the UAW and 23 local units.
- The UAW members at a Denver parts center voted to authorize a strike.
https://youtu.be/C43k5uLjCOg
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Whistler Blowers, Insiders
Anybody who owned one and tried to get it fixed under warranty can answer as to why they will never buy another one.