Jeep (NYSE: STLA) to resume production after recent halts. Stellantis addresses high inventories and appoints new head for Jeep North America.
Production Adjustment Amid High Vehicle Inventories
Jeep’s parent company, Stellantis (NYSE: STLA), announced plans to resume production at specific U.S. assembly plants following recent production adjustments. The move comes as Stellantis addresses dealer concerns over elevated vehicle inventories.
According to recent reports, Stellantis had temporarily halted the production of Jeep Wrangler and Grand Cherokee SUVs over the past week. The company confirmed in a statement that it will resume operations at the Toledo North, Jefferson, and Mack plants starting Thursday. This decision is part of ongoing efforts to enhance operational efficiency in the U.S. market.
Additionally, Stellantis has appointed a new leader for Jeep North America. Bob Broderdorf, previously senior vice president of Ram brand operations and head of sales at Dodge, has been named to this role.
In a related development, the U.S. auto safety regulator initiated a recall inquiry involving 94,275 Jeep Wrangler 4xe hybrid SUVs produced between 2021 and 2024. This action underscores the broader regulatory scrutiny faced by the automotive industry.
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