AD #3676 - Stellantis "Outraged" at UAW; Plant Utilization Could Fall; China Forces Germany to Be More Open Minded
About this episode
The UAW strike intensifies with 6,800 workers at Stellantis's profitable Sterling Heights plant joining, costing the company $110 million weekly and expanding the strike to over 40,000 workers. GM faces similar challenges, lowering profit and EV targets due to strike costs, while tensions rise over contract negotiations amid EV transition concerns. Mitsubishi exits China, investing in Renault's EV division, and Tesla faces an expanded DOJ investigation. European concerns grow over Chinese EV subsidies, prompting trade discussions involving Japan, the US, and Europe. Stellantis launches new electric and fuel cell vans, and German automakers adapt to competition from Chinese firms and Tesla, pushing for faster innovation.
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