In a startling turn of events, the United Auto Workers (UAW) dealt a staggering blow to Stellantis this morning, initiating an unforeseen stand-up strike at the Sterling Heights Assembly Plant (SHAP) in Sterling Heights, Michigan. This sprawling 5-million-square-foot facility is the birthplace of the highly sought-after 2024 Ram 1500 (DT) pickup, a linchpin of Stellantis’ production lineup. The move reverberated through Stellantis, which boasted an impressive production of nearly half a million pickups in 2022. “Despite having the highest revenue, the highest profits (North American and global), the highest profit margins, and the most cash in reserve, Stellantis lags behind … (read full article...)
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