Stellantis May Exit Four European Plants, Threatening Lear Corp Parts Orders
Stellantis has pinpointed four European factories—including Rennes, Cassino and Madrid—for potential sale or shared production deals to address overcapacity, and will re-purpose its Poissy plant after 2028, triggering job cuts. These capacity moves threaten supplier contracts and could curb Lear Corp's parts revenue growth.
1. Stellantis Identifies Four Surplus Plants
Stellantis has flagged four European factories with surplus capacity—Rennes in France, Cassino in Italy, Madrid in Spain and one additional site—for possible sale or shared production partnerships. Dialogues with potential Chinese partners, including tours by Dongfeng representatives, are underway but no binding agreements have been finalized.
2. Poissy Plant Re-purposing and Job Cuts
The group plans to re-purpose its Poissy facility near Paris by ending car production after 2028, a shift that will lead to workforce reductions. This consolidation aims to optimize output across Stellantis’s roughly 20 regional assembly sites.
3. Supplier Impact and Lear Corp Exposure
The planned capacity realignment and plant divestments will disrupt supply chains and contract volumes for key vendors, notably Lear Corp, Forvia and OPMobility. Lear Corp faces potential order reductions as Stellantis seeks partners to fill idle lines in exchange for technology access or acquisitions.