What ISN'T going to sell and will BANKRUPT the company is their idiocy of electric powered piles of junk that nobody wants or will buy. The companies smart enough to stay away from this idiocy will be the ones that survive.
This is why I didn't buy their stock when it was super low. I also avoided Ford and New GM stock since they did not care about customers, and now it seems that they do not even care about their own engineers. Cap CEO and board pay! (The US portion, at least.)
And Toyota and Honda are beginning to show signs of their own struggles. Fuel pump recalls, oil dilution issues, melting plastics, the list goes on. Toyota and Honda are also much more expensive than they used to be, and their sales figures are starting to show it!
@@unconventionalideas5683those issues are all caused by Toyota / Honda bringing in GDI direct injection to meet emissions now, along with really thin oils to conserve fuel. Funny enough, V6 Camry doesn't have those issues (no GDI).
And the brains of the work force that would actually get them out of this mess if they listened to them at that! I knew those record union contracts were going to hit somewhere, and it wasn't going to be the company profit margin either. Another hit to the middle class!
Stellantis is headed down the path Boeing took … sacrificing the company’s future to make short term profits (and justify C suite bonuses). The bean counters made the numbers work by firing skilled expertise and replacing them with off shore minimum wagers
If Stellantis loses a Billion does the UAW step up? Nope. Accept your wage or leave..Look at Flint Michigan or look at Gary Indiana- UNION did that! Ghost town of buildings..
The products they sell are some of the worst engineered and constructed vehicles on the market, with reliability in the toilet with resale values to match. I have two friends with RAM trucks, and neither will ever buy another one with all the repairs.
I love how Stellantis said that "these reductions are not due to the ecomomy". Meaning they litterally just butcherd a bunch of Middle class jobs because they wanted higher profits for their shareholders. Im sure the executives are still getting their bonuses this year. The CEO made $39 million last year. The average engineer makes about $85,000. IF the CEO was only paid $20 Million a year, all these people would still have a job. All these people would still be able to feed their famlies and provide them with a good life.
Yes, for one year. How about after that? Chrysler was junk before Stellantis bought it. Now it’s being controlled by crappy Fiat engineers. The company is doomed.
Why pay an American 85k a year, when you can get 4 engineers for that price out of India. It's not like,,,,gasp,,,American corporations are greedy AF and could care less about America. LOL
The execs should go first, especially at Stellantis. Their lack of competitiveness is not because of engineers, but rather terrible pathetic business decisions.
No, it is because of cheaper labor available including engineers now. It's a world economy. Many of the people who lost their jobs would have lost them soon to AI anyway.
@jefff7287 your lack of understanding about this subject is very uneducated because it's funny you think the lack competitiveness is actually the fault of the CEOs which is small small part yes but the bigger reason is mainly the guy directly in the white house and his policies.
Cheap outsourced state of the crap engineers will fix all Stellantis problems, they will show Americas and the world how to build good cars, of course these cheap engineers have cero track records of building anything worth mentioning, just like the managers who hired them.
The SHEEPLE will be glad to pay even more, once the Interest Rates come down, and the Equity in their Home goes up again. Borrowing to Infinity and Beyond. You Reap what you Sow. The Whirlwind will be Catastrophic.
Stellantis engineers are mostly from first world countries. It's just difficult to fire people in France and Italy. The real inflation number is over 50% which is why Stellantis increased prices near 50%. After a bought of inflation like this, it will take a decade or more for prices to stabilize and wages to be in parity.
@@juliecramer8459It was true 90 years ago. It took a war to get us out of that depression. If the market tumbles, we could see worse. Many people grew their own food in those days. The government is trying to prevent backyard gardens now.
@@bolbiitp7850 I would definitely do things very differently if I was in charge of a big corporation. I would definitely cut my salary before cutting anyone else. I'm not an a-hole, but that's just me.
What's the better way? Have someone drive in to work just to be sat down in an office, be told they're fired, and get walked out by security? This is a lot more reasonable.
Yup! Bailouts simply kicked the ball down the road. They do that so the responsible ones are out of the scene and forgotten when the S HTF. Although some like potus o, just can't help themselves and come back to live vicariously through another potus.
The car companies paid back the government for their bailouts so it was more like a loan. Without the bailouts, all the auto jobs will be gone forever.
@@plebeian_egalitarian Would you rather get up in AM drive for an hour in traffic , only to be sit down and told that you engineered a piece of junk that no one wants to buy , asked to repay hiring bonus and escorted out of the premises ?
"We, the management of Stellantis, recognize that we have made significant missteps. among them the Fiatification of Jeep, and the Jeepification of Fiat. Our response is to demonstrate our economic prudence by firing the workers who loyalty made the shitboxes we dreamed up. In response we have awarded ourselves huge bonuses."
Oh, not bonuses... They are retention incentives for "mission critical staff." Remember? Or was that PG&E when they filed for bankruptcy after killing hundreds of people and burning a good chunk of Northern California. It's so hard to keep track these days.
I was going to apply for a job at Stellantis. When I looked at their website, it was so full of generic corporate buzz words, you couldn’t even tell that they made cars. I decided that I didn’t want to work at a company that so utterly lacked direction and vision. Turns out that was a good choice.
Former engineer here. Was laid off. Turned in my M.S. for a CDL. Started my own company in December 2023. Will make more this year than I ever did as an engineer. To all my engineer brothers: let them outsource, watch them fail, laugh. Build your own company, control your own fate. The best way to climb the corporate ladder is to build your own ladder.
I'd be finding something else other than driving a truck. All of these illegals that are flooded in the country, they are getting fast tracked into the trucking industry I work in a large warehouse, I see it every day. These guys coming in speaking heavy accents driving trucks
That's how inflation works and when they increase prices 10% in 90,000 vehicle will become 99,000. These 10% increases just keep happening. Within 20 years a new Jeep will be $200,000
True its not, but now they own some of the "American" Car companies, which are Chrysler, Dodge, Ram, and Jeep. Those companies, before, were own by one parent company of Chrysler. When Chrysler company was not doing to well, Stellantis bought them. That its why some dodge and jeep models resembles Alfa Romeo.
@@davelowe1977 You are right sir. My insurance is a little over 2000 a year split between 3 1980s cars. I don't own any diesel cars. Diesel is not practical for money saving like it once was. Used to be diesel and gas cost the same, now diesel is much costlier, negating any mileage advantage. The government does not want us driving at all, it is that simple, but they can't do something as onerous as taking up all the cars at once without losing the election in every state. They have to do it over time by forcing us to buy cars we cannot afford and don't want.
I have an EV. I had to pay road tax just like everyone else in my state. Insurance increase has nothing at all to do with EVs. It's not costing anyone ANY extra money. This is propaganda the morons on the Internet are pushing because they don't like EVs. Blame the oil companies for your issues.
An electric car has saved my family quite a lot. Bought it used, and have driven it for 4 years. Total maintenance required in that time was one set of wiper blades, one set of tires, and a start button (it failed, we replaced the part). $2 in electricity to fill the tank. I think we have saved about $5000 on gas, never mind all the oil and filter changes.
They were probably afraid they'd get the snot beaten out of them if they tried to do it face to face. Something tells me Stellantis is headed for a fall.
In these times I would agree, especially with large companies. Give your employer your best efforts for your salary, but don't feel obliged to stay if a better job comes along.
I heard the US govt get profit on the shares + tax revenue? With EVs coming that's going to be a much riskier bet this time. Also didn't they take out Chekov?
Not before selling it to a foreign entity to avoid conflict. It's in the contract with China. U.S. is obligated to keep their major manufacturers up and running until China is ready to become the world power. America is running on fumes which is why all of these pseudo wars are taking place. America only makes profits from taxes and weapons mafactuering. Weapons are our major export. With out war U.S. will go bankrupt.
@@soonerfrac4611the problem is, our government has no choice. The democrats (politicians in general really) would be outed so horribly if they ever went against their mistakes. Most Americans really believe they helped bail out American companies too. The only real American companies here are the small family owned local companies that rely n use local resources and the money made stays locally. Fuck these big companies. If capitalism was real and weren’t a communist country, they would have failed and smarter people would have replaced them already making better products
I was just telling my wife last week that this was going to happen. Stallantis does not like America and will completely shut down Chrysler within 5 to 7 years.
I disagree. Ram and Jeep are/were the richest and most profitable brands in the Stellantis brand lineup. The Chrysler and Dodge brands are a different story and could easily disappear. No, the problem here is that Stellantis faces an uphill battle in integrating a bunch of brands that came from different places and they are simply not handling it well. They were apparently very profitable until recently but that came from starving the brands of development money and raising MSRP's to unsustainable levels.
Since the UAW strike a little over 18,000 UAW members have lost their jobs and more will come. Shawn Fain may have won the battle but he's losing the war.
i watched enron go down and learned a lifelong lesson. never give your loyalty away to an employer. they want that? they can pay for it. and never trust your employer. EVER.
You’re smart, I try to tell every young kid “no corporation is gonna do you any favors out of the goodness of their hearts.” If they could pay us in company money and have to spend it at the company store, they would.
Loyalty to a company is a typically American thing, the rest of the world works for a living and has no loyalty to the company they work for, and Americans still think that work is the most important thing in life.
Executive pay is actually not excessive for the size of the business. Their proxy is available here if you want to see how much executive officers of the company were compensated: www.sec.gov/Archives/edgar/data/1605484/000160548423000020/stellantis-20221231.htm#i8e81d16f4a444df7ab0ef2d816264de0_316
@terra_world The CEO enjoyed a 56% boost in total compensation in 2023, including a nearly 11 million dollar bonus. They announced a stock buyback of $3.2 billion in Febuary this year.
@@worldofdoom995 Chrysler quit building cars along time ago, now they just put there name on others cars and look it's the new chrysler. I got 3 and not a one is built by chrysler.
@@JaneJones-lg3bd That's the specific reason we already have all of our excessive/totally unnecessary Chinese style bike lanes (and right-aways) on most of our California city streets, including even many of our toll bridges. And all of this with our dumb bicyclists having to pay absolutely nothing toward the total cost of physically painting/marking and maintaining all of our roads of which THEY now own (and we must now share with them) 1/4 of the roadway lane & in each direction. Therefore, we can now thank our non-elected Klaus Schwab, his WEF and all of THEIR Satanic minions for bringing to us THEIR soon to be wonderful NWO.
I was at mine for 28.5...but I saw it coming 3 years before I got laid off....so I was prepared. I had been there for so long, I KNEW exactly how the place worked. People couldn't believe I predicted it a year before it happened (the entire plant shutdown). No skin off my back....house was paid off YEARS AND YEARS ago. Kid's college was all paid off too. No car debt either.....
no one is safe anymore, just a cut throat world now. seen alot of paper mills close down, no warning, 75 year old ppl working bagging at food markets to make ends meet, lost everything owed for retirement from mills and its legal, sad
That's because they decided that their vehicles are now supposed to be on the level of BMWs and Land Rover, unfortunately for them the public still sees the Chrysler brand and the dirty little secret is it still is the Chrysler brand with the Mopar warts. It'd be like McDonald's deciding that their burgers are now on the level of Morton's and so they can start charging $60 a burger while not changing anything.
we used to think that Jeeps and Trucks are for utility and work that meant to get dirty and dinks and cost may be just a spank more than most average family sedan. Now they are luxury item in hunk of metal running around the city streets and taking up spaces not to mentioned wasting gasoline polluting environment.
Engineers are valuable while a company is getting started. Once the company is up and running, you almost just need a handful of engineers. After launch, engineers become NON value added employees. Sorry.
executive BONUS' is IT ... My 2nd level manager cut all our overtime and spending budget on material and parts so he can get a bigger quarterly bonus. Leaving us the techs to "rig" all repairs in the field as cheap as possible.
IIRC, Jacques Nasser from Ford did something similar in the 90's when he fired his engineers and then expected to bring them back as "Rent-a-Pencils". He got fired himself.
Sadly, there's a plethora of "truck bros" who will buy them and the overpriced 3/4 ton and 1 ton trucks so that they can make UA-cam and Instagram videos about how "badass" and expensive their rides are
As a European I can say when I was a kid I called every offroad looking car "Jeep" even if it was Nissan or Toyota. Jeep was a symbol for offroad. Today, I don't care about Jeep at all. Times changing. Sometimes for the worse.
Fired with zero notice by a company they were loyal to in order to preserve the CEO's bonus money. This is exactly why you should NEVER be loyal to ANY company.
I disagree. I'm a 71 year old guy who retired from a non union job after 32 years with the same company. They paid us well and I had excellent job security. I had 2 pension plans. They were loyal to me, and I was loyal to them. A fair deal for all.
And Stellantis CEO made $36 million in 2023. A 56% increase in personal pay compared to 2022. Every Engineer just fired had their yearly salary transferred directly to Carlos Tavares, CEO of Stellantis.
Happened to my family too. My brother lost his 25 year job, being laid off by a manager who just immigrated. Mass layoff of 5k nationally (fortune 50 company).
The engineering firm I worked for was sending their Solidworks drawings to India for to be created into 3D models. We would receive them and insert them into our assembly drawings. 99% of the 3D models we received from India was junk and we couldn't use them. I made a suggestion to my team leader that we go to the local community college and get some students in their CAD program to create our 3D models. This would keep the jobs in the USA and reduce turn around time for finished 3D models for our applications...Of course, they turned down.
I'm in biostatistics (for FDA and clinical studies) and I see the same thing, with the difference that our software is called SAS. They are so reckless that hundreds of pages long reports maybe have 5 pages without some sort of error. And yet, those "teams" are somehow inexpensive and brilliant
I had poor experiences with Indian IT people at work too. They wouldnt do good jobs and would correct their work on the phone call and say there is no longer a problem. This happened many times.
It's really sinister if you think about it. They get to watch their own living room turn into a prison cell in a instant. Automotive engineers are not going to find a friendly job market and they already know it or they would have left ChryFiat long ago. But there haven't been many alternatives and most of the EV work is in penny stock territory, so it's been hard for a loyal Stellantite to justify the risk of jumping ship. Now they're hitting the recruiters all at once, turning it into a numbers game. As needlessly-complex vehicles all the way to farm equipment have become, it's difficult to feel sorry for any automotive engineer. What a weird marching order to live with; make a self-destructing vehicle that only a greedy dealer can fix. What could go wrong?
no opportunity to go 'postal' or have to deal with anyone's emotional break down that's probably the main reason they did it that way, still shitty in any case.
A lot of hybrid and work-from-home engineers don't have desks. If you DO have to come in, you get a cube assigned by GM after they hand you a box of antiseptic wipes.
Buying a new Dodge Charger was the worst financial decision I ever made. I had so many problems with Stellantis/FIAT and their dealerships treated me horribly. I've never hated a company more than I do them. I had to sell it at a huge loss because I was wasting so much precious time in my life arguing with them and going to their service departments.
I bought a 2012 Jeep Wrangler in 2018, only had 55k miles. It has 109k now and has cost me more than the previous three Chevys I owned. My brother had a 2011 Ram that the engine blew up on the highway. I'm with you.
@@hopefultraveler3543 I believe so. Everything is either trucks or SUVs now. Chevy discontinued the Camaro, I'm not sure about the Ford Mustang. Good old passenger sedans are gone, foreign makers are still cranking out sports cars. I'm in the old school camp regarding the Corvette, I wouldn't own the new design.
That's crazy I bought a 500$ truck and cost me 140$ for 30k miles of maintenance and didn't buy insurance or have a license sadly tho she's finally in the impound I thought I was bad on drugs and make bad decisions but what are you people doing with your lives . Get it together and quit being a slave for somebody that wants you to fail. If you don't have a family just know I care and love you but only you can take care of yourself
Show me the Corvette that'll run and drive and be that reliable for that 500 you want a 98 ram v6 with roll up windows 200k miles at least ticks has exhaust leak belts are showing but I had a brand new 20 years old tire I found in Detroit it had a wood stove in the back slept inside it many of nights on Detroit Eastside
Yeah really. They don't care about all their employees that kept the company afloat in the first place. Only thing they wanna keep afloat is the new yachts they're gonna buy with all the extra money they have now.
@@captainamerica6525thats b.s. you try working in a factory that has no aircondtion when its 100 degress outside and inside all they have are big fans that blow hot air around..also having to raise your hand to use the bathroom and have to work manadtory 6 day work weeks with only two weekend off a month..manufacture workers work hard in conditions also that have chemical smells pentrating their clothes..you obviously have no idea the conditions that many workers in the auto car manufacturers factories work in..so stop saying mean hateful things..
The company gets an A+ for managing to put every BS management buzzword in their public statement. Doesn't look like there were any cutbacks in the PR and legal departments.
If you are young, this is a huge blessing. I worked as an engineer in Detroit in the mid 2000's and left before 2008 and it was the best thing that ever happened in my life/career.
Anyone who is an engineer, I take my hat off to you. Not only did you manage to get through college with a bachelors of science, but working in an industry that considers you disposable after they suck you dry of ideas, labor, and long hours is flat out tough. I hope all the former employees will land on their feet.
@@ddvette Ok. I still think it's total BS for a billion dollar company to layoff engineers to save money. Quality will be in the trash now as if it's not already.
As an American, I'm sick on American car companies telling me buy Made in America, but skim off the quality of making the cars and refusing to update features to be competitive with foreign car companies. Remember when GM had to ask for a government bailout, because GM was failing due to it not making quality trucks and cars, and all they they was shout Made in America bs?
I always love the "Born in the USA" Bruce Springsteen commercials about the Silverado that's made in Mexico. I thought those commercials were hysterical. I especially love going to the job sites and showing all the Silverado owners their "Made in" plates on their door jams.
Typical US corporation business model - out source all our labour to 3rd world shit holes Then wonder why no one buys and can afford 80000$ jeeps that require $5000 in maint a year! Execs we are so clever....after all I got an MBA from Wharton...
Its been like that for decades and coming to roost now...Decades ago they shipped the jobs overseas for profits. Now the people that buy our product or even work builiding your product cant even afford it for "shareholder profits" all these years. Just a boomerang
@@Milanfan-g3wChrysler forgot who it's customer base is. It's working class Americans. Those being hit hard by out sourcing and who in the best of times is not going to readily buy an $80k automobile. If I had $80k to spend on a car, first of all I wouldn't, but if I did, it damn sure wouldn't be a Chrysler or ANY domestic make.
@@yourhandlehere1 No, the best thing to do is be in a 1st world country with great benefits, including unemployment. People should essentially be able to take sabbaticals, too.
Well who can afford a vehicle that costs 100k. Ridiculous!!! Almost half the price of a house!!! I haven't purchased a vehicle in years due to high price!!
My house costed less than a used car 🤣 but while most idiots are paying 30+ yrs my double wide is paid off in 7. 22k and if I sold it today I'd get 50k all day.
IDK but the problem is that these people exist and they are still buying 100k cars, so the companies keep making them. Have people not figured out the way to reduce car prices is for the masses to stop buying cars at such prices?
@eugeniof8470 news flash, those overseas companies have higher unionization than the US. In those other countries, healthcare is provided by the government and is not a financial burden to the companies. Therefore, they are more business friendly than the US. When will Americans wake up to this.
@@Duke_of_PrunesI worked as a mechanic for almost a decade I can confirm they make some of the worst garbage on the road and they have some of the most predatory lending practices in the industry.
Their idea of innovation is in figuring out how to cut the cost of component parts to the absolute minimum. Never mind that the customer will have to pay 50 times more in labor than the part is worth to replace it when it fails. They justify this by claiming plastic parts weigh less and therefore improve mileage.
Ain't that the truth. Ford can't seem to make a transmission that works and I ain't fond of GM vehicles so it's looking like Subaru, Honda, or Toyota from here on out. Pile on Kaiser Whitmer and Michigan is heading towards dire straights. Time to GTFO before the economy and housing market implodes.
It would be about 300 engineering staff at corporate rates based on $130,000 total pay compensation and benefits. That is about a salary of $95K plus benefits and such.
@@mellis966You are not accounting for overhead cost, taxes, benefits, floor-space, equipment, et. al. It's closer to 100. And attacking the CEO's salary is stupid as any engineer will tell you. Just ask yourself the question, How much would you pay to have a better boss? For an engineer it's a lot more than $1,000.
Quiet. You are asking for fairness and reasonable instead of excessive executive compensation. The sheep will start bleating about how you will be unfair to the CEO's and that they deserve to be paid 10000x the average worker.
Toyota is currently building a 12 grand pickup. Although, the UAW will assuredly push the Obiden administration from allowing them to be imported. Moreover, Toyota makes Quality, Dependable long lasting vehicles .
Pricing vehicles at $80k, $90k and above $100k is the real problem. Then the reliability issues with new Chrisler vehicles. No wonder they have to make cuts. Unfortunately, it’s the worker who suffers first.
The American auto manufacturer will be gone if they keep the prices for vehicles so high. When a F-150 4x4 costs $75 plus thousand is just insane. Also, I bet those at Stellantis in the upper tier gave themselves a good raise.
@@Thegeneralms1High cost of living drives workers to unions, unions drive up the wages, and companies start cutting costs by laying off workers while jacking up their prices. Suddenly there are less people with jobs and no one to buy their expensive products, so the costs have to go even lower and the prices have to go even higher. Outsourcing and predatory subscriptions enter the picture. This works for a while, except now consumers have even less disposable income because everybody is doing this. Companies act shocked. More employees are let go of. The spiral deepens. A bailout is needed to keep shareholders happy. Government steps in. Phew, disaster avoided. Reset to beginning.
I spent nearly 20 years with that company, started when it was still Chrysler. I left on my own accord about 10 years ago. The greatest lesson I learned, buy/drive Toyota or Mazda.
Seems like all of corporate America is singing the same tune right now... "We have to restructure so that we can face increasing expenses in XYZ." But there's always money for stock buybacks and greasing the palms of shareholders. Imagine that.
The CEO gets more money than the 400 engineers he fired. He could have dropped his pay to only 10 times the average engineer instead of firing 400 engineers. But no, the CEO is in it for himself and nobody else, not even the stockholders.
@AmericanTraitors-GOPWhat's better? Socialism or communism where guns and soldiers are at borders to not allow people in and now allow people to leave 😅
That doesn't make since. Price is established by the market. If the cars are "over" priced, they wouldn't sell any. Lowing cost might allow for price reductions, but high-cost labor results in higher market prices. Notice prices increasing lately? The cost of goods and services will correspondingly increase. Basic Econ 101.
@AmericanTraitors-GOP The fact you think the border of Eastern Germany and North Korea are the same as the USA border shows you have a lot to learn about the real world.
No, they're going to move the work out of the country like they all do. And they're going to do it because they know they have the political class in their back pockets.
These auto manufacturers have on clue, All we want is a car or truck the ordinary person can afford. One that doesn't take a computer to scan it to find out a coil pack is bad.
Car manufacturers are not the problem. This is all about government so-called "green" regulations. That computer and the coming electrification is a requirement. This is the cost of virtue signaling whilst not affecting the climate at all.
I'm 61 years old and have only owned one car. A 1968 Corolla I bought for $300 36 years ago. My daily ever since. Still runs fine, everything works. It does all those car things like taking you places, carrying stuff, riding your dog around. I've got less in the car over all that time than a single down payment on anything new. They discovered that making good cars is really bad for business.
@@Anomize23 oh hell yeah, I am 19 been in this trade only a year and I love it but I’m very happy to go to a new shop and learn from one of the best mechanics in my state
@@Anomize23 Fortune 500 ARE precisely meant to educate yso you can go spread that knowledge to smaller indepdent companies. That is how ALL of you should plan your careers..3-5 years at a big company that abuses you but your learn boot-camp style from the best.. The rest of your career at smaller private companies. Smaller companies 'abuse' means your buddy ragging on you then you yelling across the ofice or garage to the boss "tell hm to f off", not getting called into the head office for an official warning, red tape, paperwork, just like high school.
Yes, the big firing is seen as a cost saving measure that meets the criteria for management bonus perks (stock grants and/or options, and cash bonuses) for upper management. Two places that I worked for did this exact thing, and upper management reaped the rewards. It's totally disgusting!
Why dont we just make it illegal for companies to outsource like this? Friendly reminder Boeing had been outsourcing engineering work to subs and contractors, and, yes "overseas design centers" in Moscow and India. Look at how that effected Boeings product and bottom line, longterm.
Cause if we do that the cost of manufacturing to the current standards of the American Salary will force the prices of everything through the roof, and guess what won't go up! You're Wages! Was the 13% inflation from unscrupulous democratic spending not had any effect on you already? You wanting to pay more? You as an American enjoy the the privilege's of living off the backs of poorer nations, its one of the benefits of being the super power holding the worlds preferred currency. We can gripe an moan about ethics now, but when the U.S. inevitably loses the super power standing to China your life will be drastically different, and you will have such a new set of gripes for big brother to control, this all will mean nothing. You should try reading the age old book "The World is Flat" it will give you a firm grasp on the world market and outsourcing.
The majority of the 737 Max problems were due to TCAS software design and developed locally and the door plug issue was due to lax practices by an American subcontractor.
![Chevy Ripped Me Off: Undercover Investigation [TRUTH REVEALED]](http://i.ytimg.com/vi/5R-KDCfm3qo/mqdefault.jpg)
I understand that their $80,000 Jeeps and trucks aren't selling too well. I wonder why..
exactly
Imagine.
What ISN'T going to sell and will BANKRUPT the company is their idiocy of electric powered piles of junk that nobody wants or will buy. The companies smart enough to stay away from this idiocy will be the ones that survive.
They're trying to offset their EV losses by hammering ICE customers. All thanks to Joe Biden.
Please continue to give your money to Trump. He doesnt even know you exist.
No executive bonuses were harmed in this decision.
Executive bonuses were doubled. They just saved the company millions by firing all those people.
True that
Definitely got a bonus for saving all that money 😂
Isn't that a load of crap!
😂 unfortunately true
"The engineers aren't making us money, fire them and hire more MBA's to find out why nobody wants to buy a $90,000 jeep."
oh yes...because counting beans only is a net positive for a company.
That's what Boeing did
This is why I didn't buy their stock when it was super low. I also avoided Ford and New GM stock since they did not care about customers, and now it seems that they do not even care about their own engineers. Cap CEO and board pay! (The US portion, at least.)
@@chumpthetraitor7331 It's a Dodge Stratus, not a 747 lol. Nobody cares if you crash it, really.
Right!
They’ve had 50 years to learn from Toyota and Honda, 50 years
And Toyota and Honda are beginning to show signs of their own struggles. Fuel pump recalls, oil dilution issues, melting plastics, the list goes on. Toyota and Honda are also much more expensive than they used to be, and their sales figures are starting to show it!
Toyota will be gone in less than ten years. Their debt is 250 BILLION.
@@ohger1 Crazy. I had to google it.
@@unconventionalideas5683those issues are all caused by Toyota / Honda bringing in GDI direct injection to meet emissions now, along with really thin oils to conserve fuel. Funny enough, V6 Camry doesn't have those issues (no GDI).
But you're still clinging to the same idea from 50 years ago with no advancements in sight, evidently.
All the executives got together and decided the problem was *not* with the executives, but with workers. 🙄
And the brains of the work force that would actually get them out of this mess if they listened to them at that! I knew those record union contracts were going to hit somewhere, and it wasn't going to be the company profit margin either. Another hit to the middle class!
Stellantis is headed down the path Boeing took … sacrificing the company’s future to make short term profits (and justify C suite bonuses). The bean counters made the numbers work by firing skilled expertise and replacing them with off shore minimum wagers
Yes, you don't want to the last guy shoveling coal on the Titanic.
Yes.
in the old days boeing was the top dog than greed step in.
The CEO made $39 million in 2023… start cutting costs there, that would quickly improve the bottom line
GM CEO made 24mill as well. Gross, isn't it?
If Stellantis loses a Billion does the UAW step up? Nope. Accept your wage or leave..Look at Flint Michigan or look at Gary Indiana- UNION did that! Ghost town of buildings..
@@DrunkenChewbacca I'll never buy a UAW made anything.
Could’ve saved about 400 or so jobs if he would just settle for a measly $2mil a year. Smh
@@SPM-tv Who would work for $5000 a year? FUZZY MATH.
Who can afford 80,000 90,000 100,000 dollar cars other than lawyers and other 1 percenters?
They had to gouge ICE vehicle buyers to subsidize EV suicide, which was mandated by Confederate Democrats and their WEF masters.
People that weren't lazy bums their entire life and actually did something to make money can afford it .
Easy to afford a $1000/month car payment when there's little to no housing costs.
Even if I can afford it.
10 year auto loans.
I'd like to see an experiment where a $9M/Yr salaried exec is replaced for 2 years by a $190K/Yr exec. I bet they perform just as well.
The homeless would outperform both and improve all the other slaves for coffee doughnuts and time in janitor closet when not working.
Bring me the 18.38 million and you can watch how it unfolds 😂🎉
What a shocker, people can't buy $80K -$100K trucks. Go figure.
Sure they can. It’s called a 120 month car loan.
@@BlahBlah-em2edyeah. But then you only get to sell them a car every 10 years. So your volumes are in the toilet.
That's $100k plus another $100k for interest charges...............Paul
The products they sell are some of the worst engineered and constructed vehicles on the market, with reliability in the toilet with resale values to match. I have two friends with RAM trucks, and neither will ever buy another one with all the repairs.
@@BlahBlah-em2ed at 26% interest rate.
"Where do you see yourself in 5 years?".
Being laid off on a Zoom call along with thousands of my coworkers.
hundreds
You think 5 yesrs
Specially if you push for doing remote work. Remote work can be done anywhere
💯 . Here is another. Employers expect workers 2 weeks notice, yet they don't even give 1 hr after firing a worker
Hahahahaha. Droll
More proof working hard for a company means nothing.
You can’t just work for any company too, you got to pick one that’s half decent
Your comment is proof that you’ve never worked hard a day in your life.
Companies do not owe you a job. You fill a need as long as they have that need.
Legacy had a good run. 100 years of profits.
The necessary ones didn't lose their jobs.. let THAT sink in and look in the mirror.
I love how Stellantis said that "these reductions are not due to the ecomomy". Meaning they litterally just butcherd a bunch of Middle class jobs because they wanted higher profits for their shareholders. Im sure the executives are still getting their bonuses this year.
The CEO made $39 million last year. The average engineer makes about $85,000. IF the CEO was only paid $20 Million a year, all these people would still have a job. All these people would still be able to feed their famlies and provide them with a good life.
No engineers = no products = no future
Excutives are pillaging the company. Standard procedure.
The costs of the materials are too high and going higher, while they don't have fools to buy their impractical products.
Yes, for one year. How about after that?
Chrysler was junk before Stellantis bought it. Now it’s being controlled by crappy Fiat engineers. The company is doomed.
@@KevinSterns vulture capitalism
Why pay an American 85k a year, when you can get 4 engineers for that price out of India. It's not like,,,,gasp,,,American corporations are greedy AF and could care less about America. LOL
The execs should go first, especially at Stellantis. Their lack of competitiveness is not because of engineers, but rather terrible pathetic business decisions.
no doubt: we aren't selling a lot of cars so let's raise the price so we don't have to sell as many.
They build JUNK. I would rather buy a Chinese or Iranian car before something churned out by the Big-3, same quality, fraction of the cost.
No, it is because of cheaper labor available including engineers now. It's a world economy. Many of the people who lost their jobs would have lost them soon to AI anyway.
idk.... the trunks on the challengers cant even stay lined up after the first year.
@jefff7287 your lack of understanding about this subject is very uneducated because it's funny you think the lack competitiveness is actually the fault of the CEOs which is small small part yes but the bigger reason is mainly the guy directly in the white house and his policies.
Trucks cost almost what I paid for my first house, and not the top trim level either.
People are tired of paying too much for cars, trucks, and SUVs.
Blame Liedenomics. 30% inflation in 3 years.
Cheap outsourced state of the crap engineers will fix all Stellantis problems, they will show Americas and the world how to build good cars, of course these cheap engineers have cero track records of building anything worth mentioning, just like the managers who hired them.
The SHEEPLE will be glad to pay even more, once the Interest Rates come down, and the Equity in their Home goes up again.
Borrowing to Infinity and Beyond.
You Reap what you Sow.
The Whirlwind will be Catastrophic.
We have to accepted the reality.West is in great decline.China and East is in ascendency.
Stellantis engineers are mostly from first world countries. It's just difficult to fire people in France and Italy.
The real inflation number is over 50% which is why Stellantis increased prices near 50%. After a bought of inflation like this, it will take a decade or more for prices to stabilize and wages to be in parity.
It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.”
― Harry S. Truman
Recovery will begin when Biden loses his job.
Lol
Interesting quote
@@juliecramer8459It was true 90 years ago. It took a war to get us out of that depression. If the market tumbles, we could see worse. Many people grew their own food in those days. The government is trying to prevent backyard gardens now.
And Its a psyop when the mass media wont acknowledge either
Their statement translation: "Our executives aren't making enough, so we're gonna cut your job so they keep their money" Is that about right?
Is that supposed to be a punch-back? Because I’m sure even you would do that too.
Unless you’re gonna want to go down with them?
@@bolbiitp7850 I would definitely do things very differently if I was in charge of a big corporation. I would definitely cut my salary before cutting anyone else. I'm not an a-hole, but that's just me.
Yep. Sounds right.
Sounds about right.🙄
You nailed it.
That’s a really scummy way to handle that firing people in a virtual meeting is cowardly.
The bosses didn't want to get jabbed in the neck with a set of keys.
Some exec saw "Up In The Air" and thought that it was a documentary...
@@caronstout354 Right. A "how to" training course.
@@caronstout354 That's the Harvard graduate's idea, firing people virtually, saving a lot of money and hassles.
What's the better way? Have someone drive in to work just to be sat down in an office, be told they're fired, and get walked out by security? This is a lot more reasonable.
That's why there should never be any bailouts.
Thank you!!! I thought it was a free market?
Yup! Bailouts simply kicked the ball down the road. They do that so the responsible ones are out of the scene and forgotten when the S HTF. Although some like potus o, just can't help themselves and come back to live vicariously through another potus.
Agreed . No more Corporate welfare and bank bailouts . If they cant manage themselves let them fail and go belly up.
The car companies paid back the government for their bailouts so it was more like a loan. Without the bailouts, all the auto jobs will be gone forever.
The rich get socialism, everyone else gets capitalism.
"Go home and get on zoom so we can fire you while you're muted."
Low-down Dirty tactics by Corporate Pirates as usual.
They always do this remotely now. Shameful.
Can you honestly say its not deserved ?
Learn to code!
@@plebeian_egalitarian Would you rather get up in AM drive for an hour in traffic , only to be sit down and told that you engineered a piece of junk that no one wants to buy , asked to repay hiring bonus and escorted out of the premises ?
People are still talking like they're an American company.
😂😂 right
He forgot high prices and low quality.
Bingo 🎯
"We, the management of Stellantis, recognize that we have made significant missteps. among them the Fiatification of Jeep, and the Jeepification of Fiat. Our response is to demonstrate our economic prudence by firing the workers who loyalty made the shitboxes we dreamed up. In response we have awarded ourselves huge bonuses."
Oh, not bonuses... They are retention incentives for "mission critical staff." Remember?
Or was that PG&E when they filed for bankruptcy after killing hundreds of people and burning a good chunk of Northern California. It's so hard to keep track these days.
Ah yes, the Boeing management approach
that is 100% accurate!
Whatever you do, quit your job and become analyst. 👏
Are you ceo?
they came to the hard decision that the board of directors all wanted a raise
Don't forget the share holders and the future bonuses
They wanted that 3rd yacht!
@bobbleheadbob take a look at the history of their compensation...
The strike happened in 2023. That's the raise.
Remote firing..what a class act...what critical skills did they use
I was going to apply for a job at Stellantis. When I looked at their website, it was so full of generic corporate buzz words, you couldn’t even tell that they made cars. I decided that I didn’t want to work at a company that so utterly lacked direction and vision. Turns out that was a good choice.
No better, at any of the rest. I just retired from GM, felt like I dodged a bullet, people are people no matter where you work !
So you won’t working anytime soon then cause it that way everywhere
@@jmax313 ...and assholes will be assholes, whether at $400,000.00 or $50,000.00, and the common denominator is almost always GREED!
yep
they have directions, just not about Fundamental Manufacturing rather about playing with numbers.
“Work from home Friday, and be sure to attend the meeting where we fire you remotely.”
That’s cowardly and lame.
Boo hoo. Employees can quit remotely too. It has nothing to do with cowardice.
And they wonder why there are workplace shootings.
What?! Hahaha
@@Powernoodle_I agree. I don't see it as cowardly. Just pragmatic.
Its business. What do you expect? They don't care about feelings.
Former engineer here. Was laid off. Turned in my M.S. for a CDL. Started my own company in December 2023. Will make more this year than I ever did as an engineer. To all my engineer brothers: let them outsource, watch them fail, laugh. Build your own company, control your own fate. The best way to climb the corporate ladder is to build your own ladder.
I quit engineering in 2020 & started dental school
Yes! Just like Rich dad poor dad says we should expand our personal skill sets.
Gaining a new skill set is what it’s all about!!
What does your new company do?
I'd be finding something else other than driving a truck. All of these illegals that are flooded in the country, they are getting fast tracked into the trucking industry I work in a large warehouse, I see it every day. These guys coming in speaking heavy accents driving trucks
They remain laser focused on making EVs to compete with China. A game that has already been lost.
Firing engineers to give bigger pay check for the MBAs is a great strategy... Look, it worked great for Boeing.
And another one bites the dust...
Pretty sure the unions took it all
They didn't fire the engineers and hire MBAs. Outsourced those jobs to India, Mexico, and Brazil.
@@DKK Doubt it. Executive bonus's will rise.
The only employees Boeing wouldn't fire are their hitmen who are needed to get rid of whistleblowers.
I guess there aren't many idiots willing to pay $60k - $120k for a Jeep product.
Jeeps that are just as delicate and prone to problems as the Alfa engines they use.
Keep decided it was a luxury brand during Covid because consumers were so rich and dumb they would believe it. That didn’t last long.
Jeeps are worth like $25k tops, a disposable vehicle that will fall apart under a year plagued by gremlins & shoddy workmanship let by unions
That's how inflation works and when they increase prices 10% in 90,000 vehicle will become 99,000. These 10% increases just keep happening. Within 20 years a new Jeep will be $200,000
I am still driving a 20 year old Ford Minivan.
Stellantis is not an American Company. They are headquartered in Amsterdam.
True its not, but now they own some of the "American" Car companies, which are Chrysler, Dodge, Ram, and Jeep. Those companies, before, were own by one parent company of Chrysler. When Chrysler company was not doing to well, Stellantis bought them. That its why some dodge and jeep models resembles Alfa Romeo.
What does that have to do with anything? Do American companies care more about their employees?
@@PAIDFOR50no but they pay taxes 😂which is the whole reason we let them exist here
What's that got to do with anything?? Handing over jobs to foreign countries is absolutely wrong
They wouldn’t get away with that sort of action in Europe.
Electrification isn't costing car makers a penny- it's costing you money.
Not costing me a dime. I'm not buying a rolling iPhone.
@@Dannysoutherner Your insurance has gone up though and your diesel tax is subsidising BIK payments and zero road tax EVs.
@@davelowe1977 You are right sir. My insurance is a little over 2000 a year split between 3 1980s cars. I don't own any diesel cars. Diesel is not practical for money saving like it once was. Used to be diesel and gas cost the same, now diesel is much costlier, negating any mileage advantage. The government does not want us driving at all, it is that simple, but they can't do something as onerous as taking up all the cars at once without losing the election in every state. They have to do it over time by forcing us to buy cars we cannot afford and don't want.
I have an EV. I had to pay road tax just like everyone else in my state. Insurance increase has nothing at all to do with EVs. It's not costing anyone ANY extra money. This is propaganda the morons on the Internet are pushing because they don't like EVs. Blame the oil companies for your issues.
An electric car has saved my family quite a lot. Bought it used, and have driven it for 4 years. Total maintenance required in that time was one set of wiper blades, one set of tires, and a start button (it failed, we replaced the part). $2 in electricity to fill the tank. I think we have saved about $5000 on gas, never mind all the oil and filter changes.
That's a coward way of firing people
I dunno, I wouldn't want to be fired then go into traffic. Maybe it was better that way.
Think it was done for security purposes imo. That many disgruntled employees may be too much to handle.
They were probably afraid they'd get the snot beaten out of them if they tried to do it face to face. Something tells me Stellantis is headed for a fall.
Worlds full of cowards 😂😂😂😂🎉
Saves walking them out with security.
Just increase the price of a Ram to 250K, that will sell 'em.
I suppose the Arabic community will accommodate them. They got the money!
They are not far from price already!
No one with mega bucks wants to be seen in this firms products, yet they price their vehicles like they're targeting the rich! Absolutely stupid.
Loyalty to a company is a one way street. No reason to be loyal to an employer who'll kick you to the curb for any or no reason.
100%
You're just a #. !!!
same goes to dating women... and to all other propaganda
In these times I would agree, especially with large companies. Give your employer your best efforts for your salary, but don't feel obliged to stay if a better job comes along.
@@hopefletcher7420 Give your employer what they pay for. If I get good pay, I put in best effort. If I get minimum wage, I put in minimum effort.
If only they could figure out how to make and market a 1972 Datsun pick up
Government bailouts never should have happened. Let these companies fail if they’re so poorly mismanaged
I heard the US govt get profit on the shares + tax revenue? With EVs coming that's going to be a much riskier bet this time. Also didn't they take out Chekov?
EV’s and their failure have been a major factor in killing the American auto industry, by design.
@@soonerfrac4611
Japanese... Koreans....
Not before selling it to a foreign entity to avoid conflict. It's in the contract with China. U.S. is obligated to keep their major manufacturers up and running until China is ready to become the world power. America is running on fumes which is why all of these pseudo wars are taking place. America only makes profits from taxes and weapons mafactuering. Weapons are our major export. With out war U.S. will go bankrupt.
@@soonerfrac4611the problem is, our government has no choice.
The democrats (politicians in general really) would be outed so horribly if they ever went against their mistakes.
Most Americans really believe they helped bail out American companies too.
The only real American companies here are the small family owned local companies that rely n use local resources and the money made stays locally.
Fuck these big companies.
If capitalism was real and weren’t a communist country, they would have failed and smarter people would have replaced them already making better products
Why would I pay $75,000 for a truck to take me to the grocery store...insane?
Because you are an idiot… i guess?
Because I can, my money,my business!
@@timr9358you mean the bank's money 😅 come on be honest 😂
Very true, this is the other half of the problem.@@TactileCoder
@@timr9358you the problem with these outrageous prices on over engineered pos vehicles
I was just telling my wife last week that this was going to happen. Stallantis does not like America and will completely shut down Chrysler within 5 to 7 years.
Well, Chrysler now only sells one model. And Dodge 2. So it might not take even 5 years...
And when/ if it does, don't think of ANY bailout crap. Taxpayers have done it twice, now it's on you!
US Tax dollars to bail out a French company? Yeah, probably not. @@Joe-d7m6k
I disagree. Ram and Jeep are/were the richest and most profitable brands in the Stellantis brand lineup. The Chrysler and Dodge brands are a different story and could easily disappear. No, the problem here is that Stellantis faces an uphill battle in integrating a bunch of brands that came from different places and they are simply not handling it well. They were apparently very profitable until recently but that came from starving the brands of development money and raising MSRP's to unsustainable levels.
Since the UAW strike a little over 18,000 UAW members have lost their jobs and more will come. Shawn Fain may have won the battle but he's losing the war.
When you lose 37 thousand dollars on every electric vehicle 😂😂😂
i watched enron go down and learned a lifelong lesson. never give your loyalty away to an employer. they want that? they can pay for it. and never trust your employer. EVER.
You’re smart, I try to tell every young kid “no corporation is gonna do you any favors out of the goodness of their hearts.” If they could pay us in company money and have to spend it at the company store, they would.
Loyalty to a company is a typically American thing, the rest of the world works for a living and has no loyalty to the company they work for, and Americans still think that work is the most important thing in life.
You can't put loyalty in the bank.
Except for the Japanese.@@patricec.2957
@rsinclair689 and corporations can't run with workers either. It's a two way street.
Judging by Chrysler's current offerings, they haven't used the engineers in years.
Lmao
I'm sure they're using the same transmission engineer since at least my 1999 2500 4X4.
Exactly , jeep is one of the most unreliable brand out there
@@tonyisit37didn’t used to be when it was AMC. The old inljne 6’s mated to an ax15 is pretty much bulletproof.
Men come on. I can’t stop laughing .its so true.
He failed to mention the ridiculous costs of stock buy backs and executive pay/bonuses.
gotta protect those precious investors.
Executive pay is actually not excessive for the size of the business. Their proxy is available here if you want to see how much executive officers of the company were compensated:
www.sec.gov/Archives/edgar/data/1605484/000160548423000020/stellantis-20221231.htm#i8e81d16f4a444df7ab0ef2d816264de0_316
@terra_world The CEO enjoyed a 56% boost in total compensation in 2023, including a nearly 11 million dollar bonus. They announced a stock buyback of $3.2 billion in Febuary this year.
@@sharonhines3476 Stock buybacks should be outlawed.
i love stock buybacks. I got rich from that. You could too.
900 days inventory of ram 2500 sitting on dealer lots. And still charging over 100k
The double standard for the “2 week notice”.
GREAT POINT !!!!!!!!
I've always said that exactly.
Hell, I work in Healthcare, we are forced to give a 30 day notice. If we fail to do so, they pay out the last check in minimum wage !
They usually have you sign something to strengthen the nondisclosure and give up your rights or you don’t get your lousy severance.
@@johnberry2877 How in the hell is that legal?
Stellantis is entering their Boeingification phase of transitioning from a solid engineering foundation to an Accounting-lead death spiral.
They're a social engineering company with all of the rest. Take note of the rainbow flag.
wall street banker led company, not an accounting lead company.
@johnfranchina84
They've gotten worse but let's be honest here stellantis never really had a "solid engineering foundation".
They were never good at engineering. Chrysler has been dogshit since the new Millennium
@@worldofdoom995 Chrysler quit building cars along time ago, now they just put there name on others cars and look it's the new chrysler. I got 3 and not a one is built by chrysler.
You will own nothing and be happy says the WEF
And you vill EAT ZEE BUGS !!!!!!!!
Livvv in zee pahd.
And you sure won't be driving........ANYTHING! If they have their way!
And you sure won't be driving ANYTHING if they have their way!
@@JaneJones-lg3bd That's the specific reason we already have all of our excessive/totally unnecessary Chinese style bike lanes (and right-aways) on most of our California city streets, including even many of our toll bridges. And all of this with our dumb bicyclists having to pay absolutely nothing toward the total cost of physically painting/marking and maintaining all of our roads of which THEY now own (and we must now share with them) 1/4 of the roadway lane & in each direction. Therefore, we can now thank our non-elected Klaus Schwab, his WEF and all of THEIR Satanic minions for bringing to us THEIR soon to be wonderful NWO.
Eventually when there’s nowhere for these fired workers to go, people will start revolting.
We remain laser focused on building EVs that nobody wants to buy.
That will be the end of the company
HAHAHA. That is exactly correct. Get off the EV band wagon and they just might start to make money again.
And flying their rainbow flag @2:50
....because they're shit compared to a Tesla
@@secondchance6603 Haha. Indeed. That too. Endless insanity these days.
At 38 years at a company. Never think your jobs secure
I was at mine for 28.5...but I saw it coming 3 years before I got laid off....so I was prepared. I had been there for so long, I KNEW exactly how the place worked. People couldn't believe I predicted it a year before it happened (the entire plant shutdown). No skin off my back....house was paid off YEARS AND YEARS ago. Kid's college was all paid off too. No car debt either.....
Do not forget A1 computer people !!
Amen brothers and sisters.you are all in my thoughts and prayers.
no one is safe anymore, just a cut throat world now. seen alot of paper mills close down, no warning, 75 year old ppl working bagging at food markets to make ends meet, lost everything owed for retirement from mills and its legal, sad
@@DEE-o4vglad you were prepared and it worked out for u and ur family
They overplayed their $130,000 Grand Wagoneer and $80,000 Wranglers.
300k Demons 💀
That's because they decided that their vehicles are now supposed to be on the level of BMWs and Land Rover, unfortunately for them the public still sees the Chrysler brand and the dirty little secret is it still is the Chrysler brand with the Mopar warts. It'd be like McDonald's deciding that their burgers are now on the level of Morton's and so they can start charging $60 a burger while not changing anything.
we used to think that Jeeps and Trucks are for utility and work that meant to get dirty and dinks and cost may be just a spank more than most average family sedan. Now they are luxury item in hunk of metal running around the city streets and taking up spaces not to mentioned wasting gasoline polluting environment.
@@jorgej5916 Jeeps haven't been work vehicles since the Vietnam War and for the USPS. For civilians, they have always been recreational vehicles.
They all overplayed don't you think??
All those engineers need to get together and form their own company
They dropped the Chrysler name, but still have the pentastar on their building. Like a grave marker now.
Daimler tried to get rid of it when they bought Chrysler, but it was too cost prohibitive to remove.
Still 💩
Don't worry the American voter will still vote to give them corporate bailouts.
It hasn't been Chrysler for a long time
And they display the gay flag. That tells us everything we need to know. Workers took it in the r**r
Not surprised that these companies would rather fire hundreds of people that actually do work than to reduce executive bonuses
Let it all implode. It was a flawed system to begin with.
Engineers are valuable while a company is getting started. Once the company is up and running, you almost just need a handful of engineers. After launch, engineers become NON value added employees. Sorry.
executive BONUS' is IT ...
My 2nd level manager cut all our overtime and spending budget on material and parts so he can get a bigger quarterly bonus.
Leaving us the techs to "rig" all repairs in the field as cheap as possible.
@@mattmatt4618 you’re right, someone needs to be there to boost their market price with stock buy backs as the company rots.
Thanks a lot Biden
Because sidelining engineers and outsourcing for cheaper labor worked so well for Boeing...
Worked so well the plugged doors blow off in flight
When your door falls off of the car, you don't plummet to your death, so there is an upside, I guess.
IIRC, Jacques Nasser from Ford did something similar in the 90's when he fired his engineers and then expected to bring them back as "Rent-a-Pencils". He got fired himself.
These idiots want upwards of 100K for a Jeep!!
and two or three years later, recalls and defects discovered.
Imagine paying a cent for a jeep, so cringe 🤢
Sadly, there's a plethora of "truck bros" who will buy them and the overpriced 3/4 ton and 1 ton trucks so that they can make UA-cam and Instagram videos about how "badass" and expensive their rides are
As a European I can say when I was a kid I called every offroad looking car "Jeep" even if it was Nissan or Toyota. Jeep was a symbol for offroad. Today, I don't care about Jeep at all. Times changing. Sometimes for the worse.
So does every manufacturer want $100K for a vehicle
Fired with zero notice by a company they were loyal to in order to preserve the CEO's bonus money. This is exactly why you should NEVER be loyal to ANY company.
I disagree. I'm a 71 year old guy who retired from a non union job after 32 years with the same company. They paid us well and I had excellent job security. I had 2 pension plans. They were loyal to me, and I was loyal to them. A fair deal for all.
Right! And don't vote demon-rat!
@@thaboomer53the world has changed alot since your Era of working
@@thaboomer53That life is long gone, sir. Sorry to break it to you. 🤷🏿♂️
USA business don’t know the meaning of loyalty as Japan does!
And Stellantis CEO made $36 million in 2023. A 56% increase in personal pay compared to 2022. Every Engineer just fired had their yearly salary transferred directly to Carlos Tavares, CEO of Stellantis.
The winner takes it all,.....meanwhile A.I. does the job for free,...money for nothing and the chicks for free.
@@anglosaxon244AI can't even show a picture of a white person. I doubt it can actually do anything correct at the moment.
This country (USA) is finished, finished I tell you. - comedian George Carlin
Happened to my family too. My brother lost his 25 year job, being laid off by a manager who just immigrated. Mass layoff of 5k nationally (fortune 50 company).
The engineering firm I worked for was sending their Solidworks drawings to India for to be created into 3D models. We would receive them and insert them into our assembly drawings. 99% of the 3D models we received from India was junk and we couldn't use them. I made a suggestion to my team leader that we go to the local community college and get some students in their CAD program to create our 3D models. This would keep the jobs in the USA and reduce turn around time for finished 3D models for our applications...Of course, they turned down.
I'm in biostatistics (for FDA and clinical studies) and I see the same thing, with the difference that our software is called SAS.
They are so reckless that hundreds of pages long reports maybe have 5 pages without some sort of error.
And yet, those "teams" are somehow inexpensive and brilliant
@@unlearningcommunism4742 they're brilliant because they're inexpensive.
I had poor experiences with Indian IT people at work too. They wouldnt do good jobs and would correct their work on the phone call and say there is no longer a problem. This happened many times.
They're not paid for quality. They're paid for volume.
@@ClockworkGFX When there is no (real) market, there is no need for quality. Sad but true.
"Don't come in tomorrow. I want you to work from home, so I can fire you remotely. Did I mention you should have cleared out your desks?"
It's really sinister if you think about it. They get to watch their own living room turn into a prison cell in a instant. Automotive engineers are not going to find a friendly job market and they already know it or they would have left ChryFiat long ago. But there haven't been many alternatives and most of the EV work is in penny stock territory, so it's been hard for a loyal Stellantite to justify the risk of jumping ship. Now they're hitting the recruiters all at once, turning it into a numbers game.
As needlessly-complex vehicles all the way to farm equipment have become, it's difficult to feel sorry for any automotive engineer. What a weird marching order to live with; make a self-destructing vehicle that only a greedy dealer can fix. What could go wrong?
no opportunity to go 'postal' or have to deal with anyone's emotional break down that's probably the main reason they did it that way, still shitty in any case.
A lot of hybrid and work-from-home engineers don't have desks. If you DO have to come in, you get a cube assigned by GM after they hand you a box of antiseptic wipes.
They didn’t want fired employees on the premises when they delivered the news.
Exactly! What a chicken$#|t move!
It was all a setup
Buying a new Dodge Charger was the worst financial decision I ever made. I had so many problems with Stellantis/FIAT and their dealerships treated me horribly. I've never hated a company more than I do them. I had to sell it at a huge loss because I was wasting so much precious time in my life arguing with them and going to their service departments.
I bought a 2012 Jeep Wrangler in 2018, only had 55k miles. It has 109k now and has cost me more than the previous three Chevys I owned. My brother had a 2011 Ram that the engine blew up on the highway. I'm with you.
I understand they are discontinuing the Charger and Challenger.
@@hopefultraveler3543 I believe so. Everything is either trucks or SUVs now. Chevy discontinued the Camaro, I'm not sure about the Ford Mustang. Good old passenger sedans are gone, foreign makers are still cranking out sports cars. I'm in the old school camp regarding the Corvette, I wouldn't own the new design.
That's crazy I bought a 500$ truck and cost me 140$ for 30k miles of maintenance and didn't buy insurance or have a license sadly tho she's finally in the impound I thought I was bad on drugs and make bad decisions but what are you people doing with your lives . Get it together and quit being a slave for somebody that wants you to fail. If you don't have a family just know I care and love you but only you can take care of yourself
Show me the Corvette that'll run and drive and be that reliable for that 500 you want a 98 ram v6 with roll up windows 200k miles at least ticks has exhaust leak belts are showing but I had a brand new 20 years old tire I found in Detroit it had a wood stove in the back slept inside it many of nights on Detroit Eastside
The CEOs need to fire hundreds of employees in order to keep their bonuses intact.
...and pay an outrageous union contract.
Yeah really. They don't care about all their employees that kept the company afloat in the first place. Only thing they wanna keep afloat is the new yachts they're gonna buy with all the extra money they have now.
@@captainamerica6525thats b.s. you try working in a factory that has no aircondtion when its 100 degress outside and inside all they have are big fans that blow hot air around..also having to raise your hand to use the bathroom and have to work manadtory 6 day work weeks with only two weekend off a month..manufacture workers work hard in conditions also that have chemical smells pentrating their clothes..you obviously have no idea the conditions that many workers in the auto car manufacturers factories work in..so stop saying mean hateful things..
@@nattyw495amen
the CEO supports Joe Biden!
The company gets an A+ for managing to put every BS management buzzword in their public statement. Doesn't look like there were any cutbacks in the PR and legal departments.
It's 100% on brand. They have horrible build quality, so they may as well have horrible designed vehicles to match.
If you are young, this is a huge blessing. I worked as an engineer in Detroit in the mid 2000's and left before 2008 and it was the best thing that ever happened in my life/career.
The HR and DIE departments needs the funding to pay for more bureaucracy.
Was it "Lazer Focused"?
No worries they got ChatGPT for that
Anyone who is an engineer, I take my hat off to you. Not only did you manage to get through college with a bachelors of science, but working in an industry that considers you disposable after they suck you dry of ideas, labor, and long hours is flat out tough. I hope all the former employees will land on their feet.
I was one for 40 years. GM started moving engineering work to Mexico and India years ago. Half the price, treated like a commodity.
@@ddvetteDo Americans lead the engineering teams in Mexico and India?
@@Roughdog86 No. In the beginning key people went there to set it up but now the locals manage it.
@@ddvette Ok. I still think it's total BS for a billion dollar company to layoff engineers to save money. Quality will be in the trash now as if it's not already.
@@Roughdog86 We had to train those engineers then they cut our staff. If the UAW had any sense the US engineers is who they should organize.
How about cutting the CEO's pay by 95%?
EXACTLY, THE PROBLEM IS BOARD MEMBERS ARE HIS/HER FRIEND
As an American, I'm sick on American car companies telling me buy Made in America, but skim off the quality of making the cars and refusing to update features to be competitive with foreign car companies. Remember when GM had to ask for a government bailout, because GM was failing due to it not making quality trucks and cars, and all they they was shout Made in America bs?
I always love the "Born in the USA" Bruce Springsteen commercials about the Silverado that's made in Mexico. I thought those commercials were hysterical. I especially love going to the job sites and showing all the Silverado owners their "Made in" plates on their door jams.
Since when is Stallatis an American company?
The government never bailed them out. Taxpaying citizens footed the bill. They just forced us to pay higher taxes a decade later, aka inflation.
@@bwimpennFrench if I'm right.
Unions are a huge problem
Meanwhile, my 1993 Toyota Pickup still runs like new.
93 Ford f250 here. Gas mileage ain't good but it will pull anything you can hitch to it.
My 2002 Toyota Tundra has 328,000 miles and runs perfectly.
And you can repair them without computers!
Meteor proof!
My 2005 needs a new engine it's combesting antifreeze as well thankfully its not in the oil yet.
The problem with outsourcing all of your labor is that your target customers will become unemployed and unable to afford your goods and services.
Typical US corporation business model - out source all our labour to 3rd world shit holes
Then wonder why no one buys and can afford 80000$ jeeps that require $5000 in maint a year!
Execs we are so clever....after all I got an MBA from Wharton...
Its been like that for decades and coming to roost now...Decades ago they shipped the jobs overseas for profits. Now the people that buy our product or even work builiding your product cant even afford it for "shareholder profits" all these years. Just a boomerang
Good thing there’s lots of cheap easy credit to take care of that right? Oh wait, it seems that didn’t solve the problem,
@@2stage90Exactly. The system is starting to implode and eat itself.
@@Milanfan-g3wChrysler forgot who it's customer base is. It's working class Americans. Those being hit hard by out sourcing and who in the best of times is not going to readily buy an $80k automobile. If I had $80k to spend on a car, first of all I wouldn't, but if I did, it damn sure wouldn't be a Chrysler or ANY domestic make.
Governments must stop bailing out businesses.
The people need to quit being slaves
The consumer in Control not bad business' or greedy governments
Fire the CEO's. They cost way more than the engineers.
You can’t find the CEO that sounds too much like right it sounds like it makes perfect sense even knowing the CEO is not doing any of the work
You do know that's not true right......this many employees cost way more than the ceo
If they were to fire the CEO and split their salary amongst all the employees they get 1.50 ea. 😂
@onekingzoro8813 you get your news from a cheerio box?
@odeball22 I can just do basic math unlike people like you
A wise supervisor once told me..."Keep your head down, mouth shut, do your job and go home"...When I was working I always kept my Resume up to date.
As cruel as it seems, that's the purpose of a job, anyways. Good co-workers are more of an accident/coincidence than an expectation...
Thanks for reminding me. It's been a couple of years since I was so pissed off at work that I updated my resume.
These companies are NOT loyal to you, so don't be loyal to them
The best time to look for a job is when you have a job.
And if you're looking for something to do..."Builders and Embalmers Always Have Work." ~ Me
@@yourhandlehere1 No, the best thing to do is be in a 1st world country with great benefits, including unemployment. People should essentially be able to take sabbaticals, too.
Remember this when your job is like "we are family".
Don’t forget the pizza parties!!! 😂😢
You ain’t never lied!
I can only imagine that these workers consider this a “bloodbath “.
TDS alert
@@nonamewillbegiven2412 I think you misunderstood my comment…. My point was that trump’s assessment of our automotive industry was 100% correct
@@camillecaballero9246 so I didn't and Trump is never right about anything
@@nonamewillbegiven2412 tell it to your mom
@@camillecaballero9246 lammmme
Well who can afford a vehicle that costs 100k. Ridiculous!!! Almost half the price of a house!!!
I haven't purchased a vehicle in years due to high price!!
Yep, me too!!
My house costed less than a used car 🤣 but while most idiots are paying 30+ yrs my double wide is paid off in 7.
22k and if I sold it today I'd get 50k all day.
In some places, that IS the price of a nice...house.
IDK but the problem is that these people exist and they are still buying 100k cars, so the companies keep making them. Have people not figured out the way to reduce car prices is for the masses to stop buying cars at such prices?
And what would you use that $$ to purchase? Because you won't be ahead when you buy another for $100,000@@Nachoprobl3m2
Hundreds of engineers?!
That's how you sink a ship, make it top heavy.
It's an engineering based company. It needs Engineers.
If it was a bakery it would require Bakers.
You don’t need 400 bakers to make a loaf of bread@@JosephWood1941-iz6mi
@@JosephWood1941-iz6mi Needs electricians, not engineers.
Sounds alot like Boeing aircraft.
@@JosephWood1941-iz6mimaybe they have bots to replace the engineers.
The engineers should start a company that makes affordable cars and are easy to maintain.
So a Lada... But wait, I thought the US hated russia
it will be affordable without union pay and demands. that is why they are hiring overseas staff
And reliable.
@@mihnealazar7039 he said affordable, not garbage.
@eugeniof8470 news flash, those overseas companies have higher unionization than the US. In those other countries, healthcare is provided by the government and is not a financial burden to the companies. Therefore, they are more business friendly than the US. When will Americans wake up to this.
Naturally, the top 100 SUITS making $1M+ a year won't get a pay cut.
Nope. They just earned bonuses equivalent to the total salary of the people they just fired. They're toasting with champagne.
Judging by their build quality i assumed they fired the engineering department decades ago.
😂😂
I bought my last Dodge-branded car in 1995. Worst car I have owned, hands down. Their engineers are clowns.
@@Duke_of_PrunesI worked as a mechanic for almost a decade I can confirm they make some of the worst garbage on the road and they have some of the most predatory lending practices in the industry.
Stellantis somehow figures out how to cut quality more
Their idea of innovation is in figuring out how to cut the cost of component parts to the absolute minimum. Never mind that the customer will have to pay 50 times more in labor than the part is worth to replace it when it fails. They justify this by claiming plastic parts weigh less and therefore improve mileage.
Ain't that the truth.
Ford can't seem to make a transmission that works and I ain't fond of GM vehicles so it's looking like Subaru, Honda, or Toyota from here on out.
Pile on Kaiser Whitmer and Michigan is heading towards dire straights. Time to GTFO before the economy and housing market implodes.
They're outsourcing to India, China, Mexico and other third world places.
How many engineers can you hire with 1 CEO salary ($39 million) 😕
It would be about 300 engineering staff at corporate rates based on $130,000 total pay compensation and benefits. That is about a salary of $95K plus benefits and such.
@@mellis966You are not accounting for overhead cost, taxes, benefits, floor-space, equipment, et. al. It's closer to 100. And attacking the CEO's salary is stupid as any engineer will tell you. Just ask yourself the question, How much would you pay to have a better boss? For an engineer it's a lot more than $1,000.
@@mellis966 Engineers make a lot more than $130K total comp unless all of your engineers are straight out of college with no experience.
About 260 @ $150k/y.
Quiet. You are asking for fairness and reasonable instead of excessive executive compensation. The sheep will start bleating about how you will be unfair to the CEO's and that they deserve to be paid 10000x the average worker.
If you can do your job from home in your underwear clicking on a computer, so can someone in India.
clearly not - have you been to India?
@@bigbarry8343 Have you worked at home in your underwear?
man the first car company that makes a car that the average person can afford is going to do very well.
The Chevy spark is under 15G...
Toyota is currently building a 12 grand pickup. Although, the UAW will assuredly push the Obiden administration from allowing them to be imported. Moreover, Toyota makes Quality, Dependable long lasting vehicles .
@@johnberry2877 yea a $12k "pickup" that isn't worth $7500😅😅😅
Looks like the middle class has to separate and start doing for ourselves. Screw the greedy corporations
Tata
Pricing vehicles at $80k, $90k and above $100k is the real problem. Then the reliability issues with new Chrisler vehicles.
No wonder they have to make cuts. Unfortunately, it’s the worker who suffers first.
New Chrysler vehicles?! They have something new? New to me!
@@bekind2047 New models, smart@$$.
The American auto manufacturer will be gone if they keep the prices for vehicles so high. When a F-150 4x4 costs $75 plus thousand is just insane. Also, I bet those at Stellantis in the upper tier gave themselves a good raise.
They'll just be bailed out again, but when that happens there won't be an America anymore so you aren't entirely wrong.
Are F-150's the only vehicle with a price increase? Nobody cares about a big ugly pick up truck
it already really is when half the vehicle is either made in another country or the parts for it is hard to say its American made in my book
These prices are so high because of unions
@@Thegeneralms1High cost of living drives workers to unions, unions drive up the wages, and companies start cutting costs by laying off workers while jacking up their prices. Suddenly there are less people with jobs and no one to buy their expensive products, so the costs have to go even lower and the prices have to go even higher. Outsourcing and predatory subscriptions enter the picture. This works for a while, except now consumers have even less disposable income because everybody is doing this. Companies act shocked. More employees are let go of. The spiral deepens. A bailout is needed to keep shareholders happy. Government steps in. Phew, disaster avoided.
Reset to beginning.
I spent nearly 20 years with that company, started when it was still Chrysler. I left on my own accord about 10 years ago. The greatest lesson I learned, buy/drive Toyota or Mazda.
Seems like all of corporate America is singing the same tune right now... "We have to restructure so that we can face increasing expenses in XYZ." But there's always money for stock buybacks and greasing the palms of shareholders. Imagine that.
Proof?
Shareholders include 401K holders.
Why do you hate people who depend on this for their retirement?
Tyson chicken relocated one of their business and hired all immigrants.
@@AkashicSeer That's easy with the record amount of dollars being printed.
@@Confessions089 We use child laborers in Iowa. Our meat packing plants are full of children.
If they complain, we just deport them.
The CEO gets more money than the 400 engineers he fired. He could have dropped his pay to only 10 times the average engineer instead of firing 400 engineers. But no, the CEO is in it for himself and nobody else, not even the stockholders.
YES I AGREE THE CEO SHOULD TAKE A 30% PAY CUT AND NOT ELIMINATING ENGINEERI JOBS WHICH TO ME IS WRONG.
Nope...it's because of Biden's economy. This sht didn't happen under Trump. It always happens under democrats....always. Remember the rust belt?
That makes him a valid candidate to lead the GOP.
Instead of massively lowering the price of their overpriced and under engineered vehicles, they fire the employees.
@AmericanTraitors-GOPWhat's better? Socialism or communism where guns and soldiers are at borders to not allow people in and now allow people to leave 😅
That doesn't make since. Price is established by the market. If the cars are "over" priced, they wouldn't sell any. Lowing cost might allow for price reductions, but high-cost labor results in higher market prices. Notice prices increasing lately? The cost of goods and services will correspondingly increase. Basic Econ 101.
@AmericanTraitors-GOP The fact you think the border of Eastern Germany and North Korea are the same as the USA border shows you have a lot to learn about the real world.
Weill those same engineers produce this crap
No, they're going to move the work out of the country like they all do. And they're going to do it because they know they have the political class in their back pockets.
I saw this coming when the union received its new contract.
These auto manufacturers have on clue, All we want is a car or truck the ordinary person can afford. One that doesn't take a computer to scan it to find out a coil pack is bad.
Car manufacturers are not the problem. This is all about government so-called "green" regulations. That computer and the coming electrification is a requirement. This is the cost of virtue signaling whilst not affecting the climate at all.
Bay a Dacia
I'm 61 years old and have only owned one car. A 1968 Corolla I bought for $300 36 years ago. My daily ever since. Still runs fine, everything works. It does all those car things like taking you places, carrying stuff, riding your dog around. I've got less in the car over all that time than a single down payment on anything new.
They discovered that making good cars is really bad for business.
In other words, the executives won't get their proper bonuses and our stockholders won’t see the huge payouts if we keep paying this many employees.
That's truth
So they are a non-profit?
As a mechanic who works at a Chrysler dodge jeep dealership i will be happily moving my tools to an independent shop next week
You will be happier as i was!!! It was a great educational run for me at first but it only gets better without those 3!!!😎
I did that a few months ago.
The used car market is exploding!! Qualified wrenches will be in high demand :)
@@Anomize23 oh hell yeah, I am 19 been in this trade only a year and I love it but I’m very happy to go to a new shop and learn from one of the best mechanics in my state
@@Anomize23 Fortune 500 ARE precisely meant to educate yso you can go spread that knowledge to smaller indepdent companies. That is how ALL of you should plan your careers..3-5 years at a big company that abuses you but your learn boot-camp style from the best.. The rest of your career at smaller private companies. Smaller companies 'abuse' means your buddy ragging on you then you yelling across the ofice or garage to the boss "tell hm to f off", not getting called into the head office for an official warning, red tape, paperwork, just like high school.
“Build back better “ is progressing according to plan
Translation: You're all being fired for cheaper foreign workers.
Exactly - Tyson Foods is leading the way by replacing 52,000 American workers with fresh across the border illegals.
Thanks Shawn Fain
Like Tyson employees. Straight up. New colonizers are in town. Time to step aside.
Have to make room. LIke what Tyson Foods is doing
@@joeg5414 I said something similar. Didn't post. Freedom!
But did the big bosses get their bonuses?
I guarantee you they got their bonus!
Absolutely they did! The top executives don’t go without EVER! It’s the people doing all of the work who are the first ones to go!
they got a bit less bonus.... poor CEOs.. 😢
Yes, the big firing is seen as a cost saving measure that meets the criteria for management bonus perks (stock grants and/or options, and cash bonuses) for upper management. Two places that I worked for did this exact thing, and upper management reaped the rewards. It's totally disgusting!
Why dont we just make it illegal for companies to outsource like this?
Friendly reminder Boeing had been outsourcing engineering work to subs and contractors, and, yes "overseas design centers" in Moscow and India. Look at how that effected Boeings product and bottom line, longterm.
Cause if we do that the cost of manufacturing to the current standards of the American Salary will force the prices of everything through the roof, and guess what won't go up! You're Wages! Was the 13% inflation from unscrupulous democratic spending not had any effect on you already? You wanting to pay more? You as an American enjoy the the privilege's of living off the backs of poorer nations, its one of the benefits of being the super power holding the worlds preferred currency. We can gripe an moan about ethics now, but when the U.S. inevitably loses the super power standing to China your life will be drastically different, and you will have such a new set of gripes for big brother to control, this all will mean nothing. You should try reading the age old book "The World is Flat" it will give you a firm grasp on the world market and outsourcing.
The majority of the 737 Max problems were due to TCAS software design and developed locally and the door plug issue was due to lax practices by an American subcontractor.
Because companies pay taxes as well.
Because everything you own in your home would have cost 5 times as much.
They are the next British Leyland mark my words. Also they better fire the engineers who made that stupid electric “muscle car”