Stellantis NV Chief Engineering and Technology Officer Ned Curic announced plans to hire multiple hundreds of additional engineers across Europe and the United States this year to support the automaker’s turnaround plan and rollout of dozens of new models. Speaking at the Paris car show, Curic emphasized the need for engineering growth despite industry-wide workforce reductions. Stellantis showcased over 60 vehicles from eight brands, including nine concept cars, underscoring the increased demand on its engineering and design teams.
The hiring initiative follows a major investment push unveiled by CEO Antonio Filosa in May, which includes a pledge to spend €60 billion ($67 billion) through 2030 to improve profitability and launch new models. This contrasts sharply with competitors like Volkswagen AG, which aims to cut 15% of its global staff, and Renault SA, which plans to reduce its engineering workforce by up to 20% to save costs. Stellantis is advancing co-developed electric vehicles with Chinese partner Zhejiang Leapmotor Technology Co., including the all-electric Citroën 2CV concept and a new electric Opel SUV.
Curic highlighted the mutual learning benefits of the partnership, stating that insights are exchanged both ways to improve engineering practices. He affirmed that engineering will remain centered in Europe, declaring, “This is the hill I personally will die on.”.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing