Author: Frank Matyok

With Important Product-Led Transition Year Underway, Stellantis Delivers €5.6 Billion Net Profit, €8.5 Billion AOI(1) and 10% AOI Margin(2) in the First Half of 2024 AMSTERDAM, July 25, 2024 – Stellantis N.V. today announced results for the first half of 2024, including €85.0 billion of Net revenues, down 14% y-o-y, and €5.6 billion in Net profit, down […]

AMSTERDAM, Oct. 11, 2023 – Stellantis N.V. and Samsung SDI today announced that Kokomo, Indiana, will be the site for a second battery manufacturing facility in the United States as part of the StarPlus Energy joint venture. The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of […]

October 3, 2023 , Auburn Hills, Mich. – FCA US LLC reports sales of 380,563 vehicles in the third quarter for 2023. Overall, total U.S. sales for the third quarter decreased 1% versus the same period last year.   “We’ve gained traction over the summer and we’re starting to see some momentum at the end of this third […]

“We’re disappointed that the UAW chose to disrespect our customers by expanding their strike to the parts distribution centers. Fulfilling customer needs and maintaining their continued loyalty is a top priority. As a result, our contingency plans will serve the mobility needs of our loyal individual and professional customers including families, business owners, critical first responders and front-line workers; who all rely on their vehicles […]

Labor Day is a day to pay tribute to the American worker whose contributions over many generations have built a strong national economy. For Stellantis, it is also a day to recognize our hardworking UAW and Unifor represented workforce for bringing their skill, experience and dedication to the job every day to deliver for our customers. Because of their commitment, we have been able to make tremendous progress toward building […]

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 […]

Total active UAW-represented employees including supplementals: ~43,000 (as of Dec. 31, 2022) Hourly Labor Costs The average hourly labor cost including all earnings, benefits and other payments is ~$63/hour (compared to $64/hour in 2022). Average annual compensation is more than $126,000 a year.  The average full-time hourly represented employee saw a ~20% increase in their […]

Stellantis remains committed to working constructively and collaboratively with the UAW to negotiate a new agreement that balances our employee’s concerns with our vision for the future – one that better positions the business to meet the challenges of the U.S. marketplace and secures the future for all of our employees, their families and our […]