Automaker Stellantis says that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors.
FILE - A Stellantis logo is shown at the North American International Auto Show in Detroit, Sept. 13, 2023. Automaker Stellantis said Tuesday, Oct. 31, that the autoworkers strike in North America is expected to cost the company around 750 million euros in profits, though less than its North American competitors.
Chief Financial Officer Natalie Knight told journalists that Stellantis’ strike impact was lower than the other Big Three automakers due to its global profile as well as some high-profile cost-cutting measures, calculating the hit at around 750 million euros GM, the last carmaker Stellantis has canceled appearances at the CES technology show in Las Vegas next year as well as the LA Auto Show, due to the strike impact.with the United Auto Workers Union to end a six-week strike by more than 14,000 workers at its assembly plants in Michigan and Ohio, and at parts warehouses across the nation.
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