Stellantis NV
UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford Motor that includes $8.1 billion in new plant investments by the company, $5,000 […]
Read More
UAW in tentative deal to end labor strike with Stellantis but expands its strike at General Motors
DETROIT —The United Auto Workers union and Stellantis have agreed to a tentative deal following roughly six weeks of targeted U.S. labor strikes, the union announced on Saturday. The agreement, which must still be approved by local union leaders and ratified by members, is patterned off a 4½-year agreement reached between the union and Ford […]
Read More
GM, UAW may be nearing a labor deal after marathon negotiating session
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday Friday after intense talks occurred Thursday night and into the morning, according to sources familiar […]
Read More
Jeep, Dodge maker Stellantis to make investments $1.6 billion in Chinese EV startup Leapmotor
Chinese EV maker Leapmotor introduced its 1st motor vehicle for the international marketplaces termed the C10. Arjun Kharpal | CNBC Stellantis on Thursday explained it will invest 1.5 billion euros ($1.58 billion) in Chinese electric vehicle startup Leapmotor, as classic automakers seem for a way to compete in China’s cutthroat sector. The businesses will sort […]
Read More
Ford, UAW negotiators reach labor deal, pending union leadership approval
United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – The United Auto Workers union and Ford Motor have agreed in […]
Read More
General Motors is set to report earnings before the bell. Here’s what Wall Street expects
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv. […]
Read More
UAW expands strike to Stellantis pickup truck plant in Michigan
United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union is expanding its strike to a Stellantis plant in Michigan that produces Ram 1500 […]
Read More
GM and Ford will answer to Wall Street and the UAW with third-quarter earnings this week
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — Ready for a tightrope walk? General Motors and Ford Motor report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with the United Auto Workers union. And it’s a difficult balance. If the automakers are […]
Read More
UAW says ‘more to be won’ despite record offers from automakers; declines to expand strikes
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union believes there is “more to be won” in ongoing contract negotiations with the Detroit automakers following five weeks of labor strikes against the […]
Read More
What to make of the UAW’s shifting strike tactics after the latest escalation
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – A shift in strategy by the United Auto Workers union this week has some analysts wondering if the parties are — perhaps, counterintuitively — getting closer to a deal. […]
Read More