Saturday, October 19

Tag: Stellantis

Canadian Auto Workers Reach Deal With Stellantis After Brief Strike
30Oct By adminNo Comments
World

Canadian Auto Workers Reach Deal With Stellantis After Brief Strike

Updated Oct. 30, 2023 9:20 am ETTORONTO—Canadian auto workers reached a tentative deal with Stellantis after a brief strike kicked in at midnight on Monday.The walkout by about 8,200 members of Canada’s Unifor union lasted just hours before the union and the automaker settled their remaining issues at the bargaining table. The strike threatened to close five Stellantis plants in Canada.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Detroit Is Paying Up to End the UAW Strike. Now Carmakers Will Live With the Costs.
30Oct By adminNo Comments
World

Detroit Is Paying Up to End the UAW Strike. Now Carmakers Will Live With the Costs.

Updated Oct. 30, 2023 7:47 am ETThe end of the United Auto Workers strikes against Ford Motor and Chrysler-parent Stellantis offered some relief in Detroit after a bruising six-week labor showdown. But the car companies aren’t in a celebratory mood.The details of the UAW’s tentative labor pacts with Ford and Stellantis, reached in recent days, show that the automakers’ labor-cost disadvantage to rivals such as Toyota and Tesla is about to get worse, just as many aspects of their growth plans get cloudier. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A Sweetheart Deal on Car Dealers After Auto Strikes
29Oct By adminNo Comments
Money

A Sweetheart Deal on Car Dealers After Auto Strikes

Oct. 29, 2023 10:30 am ETThe United Auto Workers’ strikes in Detroit have been costly for automakers. Car dealers barely got a scratch, but their stock prices don’t reflect that.On Wednesday, Ford reached a tentative deal with the union, and Stellantis did so as well on Saturday. Although the UAW has expanded its strike at General Motors, a drawn-out strike now appears less likely.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A Sweetheart Deal on Car Dealers After Auto Strikes
29Oct By adminNo Comments
World

A Sweetheart Deal on Car Dealers After Auto Strikes

Oct. 29, 2023 10:30 am ETThe United Auto Workers’ strikes in Detroit have been costly for automakers. Car dealers barely got a scratch, but their stock prices don’t reflect that.On Wednesday, Ford reached a tentative deal with the union, and Stellantis did so as well on Saturday. Although the UAW has expanded its strike at General Motors, a drawn-out strike now appears less likely.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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UAW reaches tentative agreement with Stellantis, leaving only GM without deal
29Oct By adminNo Comments
Money

UAW reaches tentative agreement with Stellantis, leaving only GM without deal

The United Auto Workers have reached a tentative contract agreement with Stellantis, the union announced Saturday evening, edging the labor union closer to ending a 6-week strike that has dented Detroit's Big 3 automakers and idled thousands of their employees."On day 44 of our stand-up strike, I am honored to announce that our union is again victorious," UAW President Shawn Fain said in a video posted to social media. Stellantis Chief Operating Officer Mark Stewart also confirmed the deal in a statement to CBS News, saying the company looks forward to "welcoming our 43,000 employees back to work and resuming operations." The deal with Stellantis — which owns Chrysler, Dodge, Jeep and Ram, along with several foreign auto-brands — comes three days after ...
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UAW, Stellantis Reach Tentative Agreement on New Four-Year Labor Contract
28Oct By adminNo Comments
World

UAW, Stellantis Reach Tentative Agreement on New Four-Year Labor Contract

Updated Oct. 28, 2023 2:01 pm ETThe United Auto Workers has reached a tentative agreement with Chrysler-parent Stellantis on a new labor contract, moving the union one step closer to ending a historic strike that has dinged all three automakers and put more than 45,000 workers on the picket lines for six weeks. The UAW plans to announce the proposed contract as soon as Saturday afternoon, according to people familiar with the situation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?
27Oct By adminNo Comments
Money

Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?

Oct. 26, 2023 11:41 am ETBuying into a Chinese automaker sounds like a great answer to the challenge of making cheaper electric vehicles. If only it were easier to pick winners.Chrysler owner Stellantis said Thursday that it was spending the equivalent of about $1.6 billion to buy a roughly 20% stake in Zhejiang Leapmotor Technology. It will get two board seats and become Leapmotor’s exclusive export partner via a Europe-based joint venture in which Stellantis will own 51%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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UAW reaches tentative labor agreement with Ford, potentially ending partial strike
26Oct By adminNo Comments
Money

UAW reaches tentative labor agreement with Ford, potentially ending partial strike

The United Auto Workers reached a tentative contract agreement with Ford Wednesday evening, a move that could be critical to ending the union's six-week-old strikes against Detroit's Big Three automakers. "Today we reached a tentative agreement with Ford," UAW President Shawn Fain said in a video posted to social media, while Ford also confirmed the deal in its own statement. "We are pleased to have reached a tentative agreement on a new labor contract with the UAW covering our U.S. operations," Ford CEO and President Jim Farley said.  The deal still needs to be approved by Ford's approximately 57,000 UAW workers."I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonigh...
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Nearly 7,000 Stellantis factory workers join the UAW strike
23Oct By adminNo Comments
Money

Nearly 7,000 Stellantis factory workers join the UAW strike

UAW President Shawn Fain explains shift in strike strategy with CBS News Detroit UAW President Shawn Fain explains shift in strike strategy with CBS News Detroit 02:50 The weekslong United Auto Workers strike intensified Monday when 6,800 employees at Stellantis walked off the job at the automaker's largest plant in Sterling Heights, Michigan.Stellantis' Sterling Heights Assembly Plant produces the Ram 1500 trucks, one of the company's best-selling vehicles, UAW leaders said Monday. Wi...
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UAW Hits Ram Pickup-Truck Plant in Latest Strike Expansion Against Detroit Carmakers
23Oct By adminNo Comments
World

UAW Hits Ram Pickup-Truck Plant in Latest Strike Expansion Against Detroit Carmakers

The United Auto Workers on Monday expanded its continuing strike against Detroit’s car companies by shutting down a pickup-truck plant, a surprise action that hit Chrysler-parent Stellantis’s largest U.S. factory.The 6,800-worker plant, located in Sterling Heights, Mich., in suburban Detroit, makes the Ram 1500 pickup truck, among the automaker’s most profitable vehicles. The walkout brings the total number of UAW-represented on strike at the Detroit automakers, including Ford Motor and General Motors, to more than 40,000, the UAW said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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