Rich Zeoli

The Rich Zeoli Show- Full Episode (08/12/2024): 3:05pm- Green Energy Costs Automakers 2,450 Jobs: The Wall Street Journal Editorial Board writes, “Stellantis is showing what the real green-energy transition looks like: On Friday the auto maker announced plans to lay off 2,450 workers in Michigan as it ramps up electric-vehicle production…Car makers are struggling to sell higher-priced cars as consumers pull back after three years of inflation. At the same time, the rich labor agreement that Stellantis, Ford and GM struck last autumn with the United Auto Workers is raising costs. The companies need healthy profits from gas-powered trucks to subsidize their money-losing EV production. Hence Stellantis’s scramble to slash costs. The company last month announced buyouts for salaried workers in the U.S. On Friday it said it will lay off as many as 2,450 production workers in Warren, Mich., where it produces its classic Ram 1500 pickup, as it rolls out a new electric model. Workers can send a thank you card to UAW