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...Shareholders and top bosses at General Motors, Ford and Stellantis have fared far better than workers in the past five years, as the US auto industry enjoyed a stunning recovery following the 2008 financial...
...including Chrysler and Jeep....
...“We’re not Ford, GM and Chrysler building these $30, $40 or $50,000 cars,” he said. “Our cars are $100,000-plus. So why would we not deserve this? Because we live in Alabama?...
...Stellantis was formed by the merger of Peugeot owner PSA — which itself bought lossmaking Opel and Vauxhall from General Motors — and Fiat Chrysler, a business created when the bankrupt Chrysler was sold...
...Chrysler was bankrupt. Peugeot was bailed out in 2014, while Opel was sold by General Motors after decades of accumulated losses....
...Last year, the three biggest US carmakers — Ford, General Motors and Stellantis, which owns Chrysler — suffered strikes during wage negotiations with the United Auto Workers union....
...Stellantis, the group behind the Jeep and Chrysler brands, has not yet said how much the strike is setting it back....
...This was the smallest impact among the Big Three carmakers in Detroit, which also include General Motors and Ford, she said....
...“We wholeheartedly believe that our strike squeezed every last dime out of General Motors,” Shawn Fain, UAW president, said in a video released late on Monday....
...The union conceded such adjustments in 2009 when Chrysler, which eventually became part of Stellantis, and GM were in bankruptcy....
...The United Auto Workers on Saturday said it had reached a tentative labour agreement with Fiat Chrysler parent Stellantis, which would raise wages and end a six-week strike....
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
...GM shares were up 1.5 per cent in morning trading in New York, Ford gained 0.3 per cent while Chrysler owner Stellantis rose 1.1 per cent....
...For example, although MG Motor is headquartered in the UK and owned by China’s SAIC, its MG5 and MG ZS are made in China and exported....
...The United Auto Workers, the influential US union, is targeting Tesla as it aims to widen its base beyond the traditional Detroit carmakers of Ford, General Motors and Chrysler following its historic pay...
...In the US, Chrysler was the first company to phase out traditional cars from its brands, making only SUVs, “crossovers” and pick-up trucks. Ford and General Motors have since followed suit....
...Autoworkers made significant concessions during the Great Recession and the bankruptcies that followed at GM and Chrysler, now known as Stellantis....
...The VW figures came the day after General Motors reported that the US had once again become the carmaker’s biggest market after China, for the first time since 2009....
...Members of the UAW on Friday went on strike at plants in Michigan, Missouri and Ohio owned by Ford, General Motors and Stellantis respectively after months of contract talks....
...General Motors is launching an all-electric range fronted by its Cadillac brand in Europe this week, six years after the US carmaker sold its mass-market brands in the region following a long struggle with...
...Its market capitalisation topped $85bn at Wall Street’s closing bell, clearing the individual valuations of Ford, General Motors and Fiat-Chrysler owner Stellantis by at least $27bn....
...Lotus commercial head Mike Johnstone said investors were interested in the company’s “history and heritage”, which stemmed from motor racing....
...The lower-price segment of the auto market has largely been abandoned by the “Detroit Three” of General Motors, Ford and Chrysler-owner Stellantis, who have concentrated instead on pick-ups and sports utility...
...Commercial vehicles already account for a third of revenues for Stellantis, which was formed by the merger of Fiat Chrysler and PSA in 2021, and about half of its profits....
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