Jeep shut down the plant where the small Cherokee SUV is built and gave us an update on what to expect next.
. Jeep parent company Stellantis has put its Belvidere, Illinois plant—where the Jeep Cherokee is produced—on idle status and will ultimately close the plant altogether.
When meeting with reporters, Stellantis CEO Carlos Tavares said that the automaker is"looking for solutions" for the plant now that it isn't currently producing Cherokees. Tavares also told reporters that the transition to EV vehicles is financially difficult as they are 40 percent more expensive to make than ICE vehicles, and that cost can't be passed on to the consumer. He also stressed that the company can't sell EVs at a loss.
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