"This has been a tough first half, with increasing external headwinds," the new CEO said in a letter, adding there's also been "meaningful progress."

The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.

The Sterling Heights Assembly Plant is where Stellantis − the company that owns Chrysler, Dodge, Jeep, Ram and Fiat − produces the Ram 1500 truck.

STERLING HEIGHTS — A suspect is in custody after allegedly holding Sterling Heights police in a standoff. At approximately 4:30 p.m. July 12, Sterling Heights Police responded to a 911 call about an employee at the Stellantis Sterling Stamping Plant on Van Dyke Avenue carrying a handgun and possibly hallucinating.

( NewsNation) — Police arrested a Stellantis employee Saturday following a three-hour standoff at the Sterling Heights Assembly Plant in Michigan. The Sterling Heights Police said officers responded to a 911 call around 4:30 p.m. reporting an armed man who may have been experiencing a mental health crisis, the Detroit News reported.

A Stellantis employee is in custody after police said he barricaded himself inside the automaker's Sterling Heights assembly plant Saturday afternoon.

An employee was arrested after barricading himself at the Stellantis plant in Sterling Heights, causing an evacuation.

According to Sterling Heights Police Cpt. Mario Bastianelli, officers responded to a 911 call at 4:30 p.m. Saturday reporting a man with a handgun and possibly hallucinating inside the plant. Officers arrived on the scene and were able to locate the man in the center of the plant and contain him in a small area.

A 52-year-old man is in custody after barricading himself with a gun at the Stellantis Sterling Heights Assembly Plant on Saturday afternoon, according to police and the automaker.

An armed man is in custody, according to Stellantis, after police said he barricaded himself inside the automaker's assembly plant in Sterling Heights.

While police identified the armed man as a current employee of the Sterling Heights Assembly Plant, the motive remains unclear.