FORT WAYNE, Ind. (WANE) – The auto industry is seeing major shifts as Stellantis announces temporary production halts at two of its plants, leading to layoffs, including some in Indiana.

Meanwhile, General Motors is ramping up production at its Fort Wayne Assembly plant, creating new job opportunities.

Stellantis, which owns brands like Jeep, Citroën, and Ram, announced it will temporarily pause production at its Windsor, Canada, plant for the weeks of April 7 and 14, resuming operations on April 21. Its Toluca, Mexico, plant will halt production for the entire month of April, starting April 7.

The move comes shortly after former President Donald Trump announced a 25% tariff on imported vehicles, a policy aimed at fostering domestic manufacturing but one that also impacts global supply chains.

Due to the production halt, Stellantis says 900 U.S. employees will face temporary layoffs, including workers at the Kokomo transmission plants and Kokomo casting facility in Indiana.

While Stellantis scales back, General Motors is moving in the opposite direction. GM recently announced plans to increase production of its light-duty trucks at the Fort Wayne Assembly plant.

To support this expansion, the company will hire several hundred temporary workers.

This increase in production contrasts with recent stock market volatility, as auto stocks and broader markets have reacted to new tariffs and economic uncertainty.

The stock market has seen sharp drops in the past week, with the Dow Jones and S&P 500 declining more than 3%. Auto stocks have been among the hardest hit, reflecting concerns about supply chain disruptions and manufacturing costs.

Despite the market swings, financial experts say long-term investors shouldn’t panic.

“When we see big dips, they’re usually followed by big rises and rewards,” said Greg Reynolds, President of Reynolds Wealth Management. “The key is to understand your risk tolerance and make informed decisions.”

Reynolds advises investors to consult with their financial advisors to assess risks and rewards before making any major changes to their portfolios.

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