STLA Stock Recent News
STLA LATEST HEADLINES
General Motors and Stellantis said on Wednesday they will invest in startup Niron Magnetics, part of a plan to develop electric-vehicle magnets without rare earths as the automotive industry aims to curb its reliance on China.
The new Ram pickup can operate as an EV until the battery dies and an onboard generator — powered by a 3.6-liter V6 engine — kicks on to power the vehicle.
Unifor said on Monday that members at Stellantis' facilities in Windsor, Brampton, Etobicoke, Mississauga and Red Deer have voted to ratify new three-year collective agreements with the company.
On Monday, the UAW labor union ended its strike against Ford, GM, and Stellantis. All Big Three automakers can expect their labor costs to rise going forward.
Stellantis N.V. (NYSE:STLA ) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Ed Ditmire - Head, Investor Relations Natalie Knight - Chief Financial Officer Conference Call Participants George Galliers - Goldman Sachs Michael Jacks - Bank of America Daniel Roeska - Bernstein Research José Asumendi - J.P.
Fain plans to use record contracts recently won with GM, Ford and Stellantis to assist in the union's embattled organizing efforts elsewhere.
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 in Ohio.
Leaders of the United Auto Workers union on Thursday agreed to send a tentative contract agreement with Chrysler-parent Stellantis to members for a ratification vote, a source told Reuters.
Unifor, the Canadian labor union representing over 8,200 workers, announced a tentative agreement with Stellantis on Monday, bringing an end to a short-lived strike at the automaker's facilities. The strike had commenced after the two parties failed to reach a deal by a Sunday deadline, but continued negotiations led to a resolution.
The tentative deal is the result of contentious negotiations, which saw thousands of union members walk out of plants and onto picket lines.