Stellantis to close 4,000-acre Arizona Proving Grounds
Stellantis Is Selling Off Its Massive Arizona Proving Grounds
Everyone wants to save money, but automakers sure do things differently. On one end of the spectrum, you see Volkswagen Group saving millions by banning Porsche vehicles as corporate leases. On the other end,
Stellantis to close Arizona Proving Grounds and sell the property
Stellantis will close its Arizona Proving Grounds this year as it works to sell the property.
Stellantis to close 4,000-acre Arizona Proving Grounds as it trims costs
The automaker confirmed it is marketing the Yucca, Ariz. facility for sale and plans to depart by the end of the year.
Stellantis to sell Arizona testing grounds in further cost-cutting measure
As part of its efforts to lower costs and preserve cash, Stellantis (NYSE:STLA) plans to sell its vehicle testing grounds in Arizona by the end of the year, according to sources cited by CNBC. The 4,000 acre facility has been in use since 2007 when Chrysler purchased the property from Ford (F) for $35M.
Stellantis to sell, shutter large testing facility amid cost-cutting efforts
Stellantis, like most automakers, has several proving grounds in different climates and geographies to develop and test vehicles ahead of selling them to consumers.
Stellantis continues cost-cutting measures
Stellantis CEO Carlos Tavares announced the company with be shuttering its Arizona Proving Grounds in an attempt to cut more costs.
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