Stellantis’ profits are down by 48% in the first six months of 2024 as compared to last year, Detroit Free Press reported. Vehicle shipments fell from more than a million to 838,000 in North America. Still, in its last full earnings report, for the final six months of 2023, Stellantis said it made a net profit of $8.3 billion.
“Stellantis CEO Carlos Tavares is a disgrace and an embarrassment to a once-great American company. While GM and Ford report fantastic profits and increased sales, Stellantis is going backwards,” Fain said. “Meanwhile, Tavares jacks up his own pay by 56% while laying off thousands of auto workers.”
https://peoplesworld.org/article/uaw-fights-back-against-stellantis-plan-to-lay-off-2500-michigan-workers/