Stellantis is struggling quite a bit not only in Europe but also quite a bit in North America. They are under immense pressure and have been in news for quite some time amidst production pauses, CEO change and cash crunch. Stellantis is now selling its Arizona proving grounds which it acquired in 2007.
Stellantis will end its operations at the Arizona proving grounds by the end of this year. There are 69 people working there and the 112 kms of roadways to test cars in hot weather conditions and dustry climates. The total facility spans across 4,000 acres. It also comprises of vehicles dynamics area which spans across 18 acres.
Even after Stellantis sells the grounds, they still have the Chelsea proving grounds near Detroit which has been with them since 1954 and also spans across 4,000 acres but it is built near colder climates which means the high-temperature scenarios are a tough task which CNBC has reported that Stellantis will use Toyota’s location in Arizona. Nearly 85 percent of all testing takes place at their Chelsea proving grounds which is why it makes sense to let the Arizona grounds go.
Now we also believe that this is only the first one to go and Stellantis might sell more factories and assets off to stay afloat in the future. They have already cut down on production, reduced the prices for their vehicles and also killed a lot of products in order to simplify their their spending structure and maximize profits. FCA also has a 500-acre headquarters located in Aubrun Hills in Detroit which could also be under the radar for closure.
