Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Automaker Stellantis plans to close and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

The decision is the latest cost-cutting measure by the trans-Atlantic automaker under CEO Carlos Tavares, who has been increasingly under pressure from Wall Street,The Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

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