Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Banking Awards
    • Banking Innovation Awards
    • Digital Banking Awards
    • Finance Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    • Financial Awards
    • Private Banking Awards
    • Private Banking Innovation Awards
    • Retail Banking Awards
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Stellantis to halt car assembly at France's Poissy plant by 2029
    Finance

    Stellantis to Halt Car Assembly at France's Poissy Plant by 2029

    Published by Global Banking & Finance Review®

    Posted on April 16, 2026

    3 min read

    Last updated: April 16, 2026

    Add as preferred source on Google
    Stellantis to halt car assembly at France's Poissy plant by 2029 - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Global Banking & Finance Awards 2026 — Now Open for Entries
    Tags:FinanceBankingMarketsAutomotiveManufacturing

    Quick Summary

    Stellantis will cease assembly of new cars at its Poissy plant near Paris by the end of 2028 (in 3–4 years), transitioning the site to parts manufacturing, 3D printing, vehicle reconditioning and recycling under a €100 million investment.

    Global Banking & Finance Awards 2026 — Call for Entries

    Stellantis to End Car Production at Poissy Plant in France by 2029

    Stellantis Announces Major Changes at Historic Poissy Plant

    By Gilles Guillaume

    Production Halt and Overcapacity Issues

    PARIS, April 16 (Reuters) - Stellantis said on Thursday it will stop making new cars at its Poissy plant near Paris within three or four years, as it works on cutting excess manufacturing capacity across Europe.

    The Jeep and Peugeot maker is facing chronic overcapacity in the region, where auto sales have yet to return to pre-pandemic levels.

    Market Challenges and Financial Impact

    Rapid gains by low-cost Chinese competitors as well as a slower-than-expected transition to electric vehicles, which forced Stellantis to report a $25 billion writedown earlier this year, have compounded the situation.

    Timeline and Future Operations at Poissy

    Production of the DS3 and Opel Mokka in Poissy should cease at the end of 2028 at the earliest, after which the site will no longer produce new vehicles, but will continue to manufacture auto parts for other Stellantis factories, a company spokesperson told Reuters following talks with unions.

    During the meeting, Stellantis told unions that the date of end of production, penciled for the end of 2028, would be confirmed later on.

    Investment and New Activities

    Stellantis, which has four other factories in France, will invest 100 million euros ($117.96 million) to overhaul the Poissy site, enabling new activities such as 3D printing for parts or reconditioning and recycling used vehicles.

    Historical Background and Workforce Changes

    History of the Poissy Plant

    The plant's future has been uncertain for years, with output dwindling and expected to come in at about 68,000 units in 2026 and 65,000 in 2027, well below 145,800 in 2023, said an industry source familiar with the matter.

    Stellantis declined to comment on the volume forecasts.

    The factory was built by Ford in the 1940s and later acquired by Chrysler before being taken over by Peugeot and becoming part of Stellantis in 2021. At its peak in 1976, the plant employed nearly 27,000 people and produced more than 500,000 vehicles annually.

    Workforce Projections and Training

    Current and Future Employment

    Approximately 1,600 workers currently work at Poissy, a number expected to drop to 1,200 by 2030 due to the aging workforce. Around 1,000 new roles will be needed by 2030 to accommodate the new businesses, and a training programme implemented, said the spokesperson.

    ($1 = 0.8477 euros)

    (Reporting by Gilles Guillaume; Editing by Louise Heavens)

    References

    • Stellantis
    • Stellantis' $26 billion write-down adds to a mountain of EV losses
    • A Poissy, plongée dans la dernière usine de voitures d'Ile-de-France, aujourd'hui en sursis

    Table of Contents

    • Stellantis Announces Major Changes at Historic Poissy Plant

    Key Takeaways

    • •Poissy car assembly (DS3, Opel Mokka) to halt by end‑2028, with final date pending union talks; site will repurpose for parts and recycling activities, backed by €100 million investment. (en.wikipedia.org)
    • •This move forms part of Stellantis's broader strategy to rationalize excess manufacturing capacity across Europe amid weak demand, fierce low‑cost Chinese competition, and a strategic reset following a €22.2 billion write‑down tied to over‑ambitious EV plans. ()

    Frequently Asked Questions about Stellantis to halt car assembly at France's Poissy plant by 2029

    1When will Stellantis stop car assembly at the Poissy plant?

    Stellantis plans to halt car assembly at its Poissy plant near Paris by the end of 2028 or early 2029.

    2What will happen to the Poissy plant after car production ends?

    After car production stops, the Poissy plant will focus on manufacturing auto parts, 3D printing, reconditioning, and recycling.

  • Production Halt and Overcapacity Issues
  • Market Challenges and Financial Impact
  • Timeline and Future Operations at Poissy
  • Investment and New Activities
  • Historical Background and Workforce Changes
  • History of the Poissy Plant
  • Workforce Projections and Training
  • Current and Future Employment
  • axios.com
  • •While annual production at Poissy is projected to fall from 145,800 in 2023 to ~68,000 in 2026 and ~65,000 in 2027, employment will drop from ~1,600 today to ~1,200 by 2030; however, ~1,000 new roles tied to new site activities are expected, supported by training programs. (lemonde.fr)
  • 3Why is Stellantis stopping car assembly at the Poissy plant?

    Stellantis is stopping car assembly at Poissy due to chronic overcapacity in Europe and shifts in the automotive market.

    4How many workers will be affected by the changes at the Poissy plant?

    The workforce is expected to decrease to around 1,200 by 2030, but 1,000 new roles will be created for the plant's new focus.

    5Will Stellantis invest in the Poissy plant despite the car assembly halt?

    Yes, Stellantis will invest 100 million euros to overhaul the site and support its new business activities.

    More from Finance

    Explore more articles in the Finance category

    Image for China willing to advance talks to upgrading Switzerland trade pact, ministry says
    China Willing to Advance Talks to Upgrading Switzerland Trade Pact, Ministry Says
    Image for Norway's sovereign wealth fund supports BP chair's re-election
    Norway's Sovereign Wealth Fund Supports Bp Chair's Re-Election
    Image for US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks
    US Renews Russian Oil Waiver After Pressure From Countries Dealing With Iran War Price Shocks
    Image for Baltic index rises to over four-month high on gains across vessel segments
    Baltic Index Rises to Over Four-Month High on Gains Across Vessel Segments
    Image for World Bank launches new strategy to help small states tackle challenges
    World Bank Launches New Strategy to Help Small States Tackle Challenges
    Image for France, other World Bank shareholders seek solution to preserve climate strategy
    France, Other World Bank Shareholders Seek Solution to Preserve Climate Strategy
    Image for Soccer-Coventry promoted to Premier League after 25-year absence
    Soccer-Coventry Promoted to Premier League After 25-year Absence
    Image for Mythos a serious threat but more will follow, Barclays CEO says
    Mythos a Serious Threat but More Will Follow, Barclays CEO Says
    Image for US approves potential $11.9 billion sale of integrated combat system to Germany
    US Approves Potential $11.9 Billion Sale of Integrated Combat System to Germany
    Image for Exclusive-Meta targets May 20 for first wave of layoffs; additional cuts later in 2026
    Exclusive-Meta Targets May 20 for First Wave of Layoffs; Additional Cuts Later in 2026
    Image for Tens of thousands rally in Lisbon against planned labour reforms
    Tens of Thousands Rally in Lisbon Against Planned Labour Reforms
    Image for Exclusive-EU to push for jet fuel diversification as Iran war threatens supply
    Exclusive-EU to Push for Jet Fuel Diversification as Iran War Threatens Supply
    View All Finance Posts
    Previous Finance PostEnel Assets Worth Nearly $4 Billion at Risk Over Brazil Concession, Auditors Say
    Next Finance PostPernod CFO Says Talks With Brown-Forman Are "ongoing"