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Stock impact report

UAW urges Stellantis workers to authorize strike, accuses car maker of breaching contract [Yahoo! Finance]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: Yahoo! Finance
The union's grievances center around Stellantis' product and investment commitments made during contract negotiations last autumn. "We reviewed the serious violations of our contract and patterns of illegal behavior by Stellantis. The evidence is clear that CEO Carlos Tavares is steering Stellantis on a crash course that will cause our members tremendous harm," the letter on Friday added. Stellantis did not immediately respond to a Reuters request for comment. However, Stellantis has previously denied failing to honor commitments with UAW, with its North America COO Carlos Zarlenga saying the company "has abided, and will continue to abide, by the agreement the parties reached in 2023." Chrysler-parent Stellantis' North American operations have been struggling and has attracted criticism from consumers and workers who have argued it has not done enough to invigorate demand. The main sticking points for the UAW revolve around delays of a planned multibillion-dollar investment Show less Read more
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