STLA / Chrysler owner Stellantis takes €3 billion hit from strikes

The largest investments under the deal include $1.5 billion each for Belvidere Assembly in Illinois, a Dodge-Jeep plant in Detroit and a Jeep complex more_horizontal

Leaders of the United Auto Workers union on Thursday agreed to send a tentative contract agreement with Chrysler-parent Stellantis to members for a ra more_horizontal

Stellantis has announced tentative agreements with both the UAW and Canadian Unifor unions since Saturday, however the deals must still be ratified by more_horizontal

Chrysler, Maserati and Fiat owner, Stellantis NV (NYSE:STLA, EPA:STLA), said strike action by US car workers had hit revenue by around €3 billion. S more_horizontal

Stellantis said on Tuesday its sales rose 7% in the third quarter, while the six-week strikes in the United States over salary increases had an overal more_horizontal

After announcing a tentative deal with the United Auto Workers (UAW) union in the U.S. last week, automaker Stellantis (STLA) reached a tentative deal more_horizontal

Unifor, the Canadian labor union representing over 8,200 workers, announced a tentative agreement with Stellantis on Monday, bringing an end to a shor more_horizontal

Canadian workers union Unifor said on Monday its members at the facilities of Stellantis in Canada have reached a tentative labor agreement. more_horizontal