Overview

• Stellantis has refuted claims by the United Auto Workers (UAW) that it has not honored its 2023 labor agreement.
• The UAW alleges Stellantis is delaying the reopening of the Belvidere, Illinois plant and plans to shift Dodge Durango production out of the U.S.
• Stellantis asserts that market volatility and other factors have affected the timelines and investments agreed upon in the contract.
• UAW President Shawn Fain has accused Stellantis of prioritizing short-term gains over long-term commitments to American workers.
• Stellantis reported a significant decline in profits and sales in the first half of 2024, citing operational challenges in North America.