Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have ...

Stellantis is laying off approximately 1,100 workers at its Jeep plant in Ohio, as the company grapples with surging inventory levels.

Stellantis said the decision was needed to manage output levels to better align with sales as it works to cull a stockpile of unsold vehicles.