Negotiations between the UAW union(United Automobile Workers) and the three big Detroit automakers (Ford, General Motors and Stellantis) over the renewal of the workers' employment contract are still in a stalemate. The strike, we remember, has been going on for about a month and the situation between the union and the car manufacturers is more and more tense. On the one hand, the union does not seem to want to scale back its demands while, on the other, the companies do not want to jeopardize the sustainability of the company. economic impact of their activities.
The strike, however, is starting to weigh heavily, economically speaking, for the car manufacturers. Precisely for this reason, Stellantis has canceled its participation in CES 2024.
Since As the costs of the ongoing UAW strikes against Stellantis continue to increase, the Company has decided to cancel the exhibitions and presentations scheduled for CES 2024, the most largest technology trade show in the world, scheduled for January 2024 in Las Vegas, Nevada. Be second to none in creating value for all stakeholders – customers, employees and investors – is a key component of Stellantis' Dare Forward 2030 strategic plan. In light of the current state of negotiations in the United States, preserving the company's fundamentals and thus protecting the future of the company is crucial. a priority absolute for the Stellantis leadership team.
So , the company has decided to cancel its participation in CES 2024 as part of the contingency plan implemented since the start of the UAW strike. Measure adopted to mitigate financial impacts and preserve capital.
Stellantis remains committed to building products customers love, ensuring freedom and of mobility for everyone and be second to none in creating value for its employees and all other stakeholders as indicated in the Dare Forward 2030 strategic plan.
Stellantis has not added much else and is not ; It's clear what it intended to show at CES 2024. Last year, we remember, the Group chose the stage of the Las Vegas fair to unveil the Peugeot Inception and Ram 1500 Revolution concepts. The Group has highlighted that it will continue to "demonstrate its transformation into a mobility technology company" in other ways.” A statement that suggests that he could still participate in other minor events in America in which he will present its latest news.
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