Stellantis plans to close and sell vehicle proving grounds in Arizona, CNBC says

In the latest cost-cutting measure by automaker Stellantis (STLA) under CEO Carlos Tavares, the Chrysler parent plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned. The closure of the Arizona Proving Grounds was confirmed by three people familiar with the plans who agreed to speak on the condition of anonymity, said CNBC’s Michael Wayland and Robert Ferris. Stellantis confirmed the closure Friday morning, citing the company’s ongoing cost-cutting and real estate evaluations, telling CNBC in an emailed statement: “Stellantis continues to look for opportunities to improve efficiency and optimize its footprint to ensure future competitiveness in today’s rapidly changing global market.”