The Latest Breaking News from Stellantis

The United Auto Workers union says it has filed unfair labor practice complaints against Stellantis and General Motors for failing to make counteroffers to the union’s economic demands

The auto industry is poised for long-term growth, supported by the rising demand for personal and commercial vehicles and the growing global transition to EVs. While leading auto stocks General Motors (GM) and Stellantis (STLA) should benefit from the industry tailwinds, let us determine which auto stock is set to…

The United Auto Workers are engaged in high-stakes labor negotiations that could lead to the union’s first simultaneous strike against all of Detroit’s Big Three automakers: General Motors, Ford and Stellantis, the company that owns Chrysler.

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With the pent-up demand for new vehicles, improving inventory levels, and growing transition to EVs worldwide, the automotive industry is well-positioned for robust growth and expansion. Therefore, fundamentally strong auto stocks Stellantis (STLA), Volvo (VLVLY), and Rolls-Royce (RYCEY) could be valuable additions to your portfolio for impressive gains. Keep reading….

Stellantis is considering a tie-up with Hangzhou-based Leapmotor, which sells electric models like the C11 SUV and C01 sedan in China.

More than 323,000 workers – including nurses, actors, screenwriters, hotel cleaners and restaurant servers – walked off their jobs during the first eight months of 2023. Hundreds of thousands of the employees of delivery giant UPS would have gone on strike, too, had they not reached a last-minute agreement. And…

Amid record profits, workers want to roll back concessions made to auto industry after the 2008 economic recession

A walkout could cost carmakers almost a billion dollars over a week and a half, while workers could lose $860 million in pay.

The IBD-tracked auto group has gained 44% in 2023.

"Stellantis' business model is broken, and until they fix it, they'll never hit that $25,000 target," UAW President Shawn Fain said in a statement.