Colleagues,  

With a month under our belt, I wanted to share some perspective and facts with you about our ongoing negotiations with the UAW. 

I was incredibly disappointed to see Mr. Fain’s online communication earlier this week. It does not fairly represent what is happening in these negotiations. The theatrics and personal insults will not help us reach an agreement that continues our proud history of providing good wages and benefits to our employees and maintaining Stellantis’ ability to be competitive in the market. These negotiations are critical and require cool heads and a focus on reality from everyone involved. 

Let me assure you that the Company is taking the negotiations process very seriously. Our negotiators are listening to the union’s position and seeking to understand their point of view. We expect the same courtesy and professionalism from Mr. Fain. At this very early stage, no one should jump to any conclusions about the outcome of this process. 

We are committed to working with the UAW to reach an agreement based on economic realism, one that supports the long-term health and viability of our operations while responsibly rewarding your contributions.

What is critical to our continued success is finding solutions that protect Stellantis from today’s challenges including the lower cost structure of the U.S. transplants and other competitors as well as the additional cost of electrification. We can’t let either get in the way of creating affordable vehicles for our customers. In addition, agreeing to Mr. Fain’s demands could endanger our ability to make decisions in the future that provide job security for our employees. This is a losing proposition for all of us – employees, families and customers. 

Together we have made tremendous progress and I’m proud of what we’ve accomplished. We have been able to: 

• Increase earnings for the majority of our employees by 20%
• Provide record-setting profit-sharing payments
• Provide health care options, including dental and vision, with zero employee premium contributions that are not available to 98% of employees who work for other large manufacturing employers
• Continue investing to upgrade and improve our facilities while also preparing for the transition to electrification

To continue on this path, we need to approach these negotiations with a vision toward the future. So now is the time to come to the table with open minds and a commonsense approach that allows us to secure a brighter future for us all.

We will continue to update you on our progress. Thank you for all that you do.