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CEO NA Magazine > Business > UAW strike caused Stellantis $3.2 billion revenue loss

UAW strike caused Stellantis $3.2 billion revenue loss

in Business, News
UAW strike caused Stellantis $3.2 billion revenue loss
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On Tuesday, U.S. auto making giant Stellantis revealed the recent United Auto Workers strike cost the company a reported $3.2 billion in revenue.

Stellantis went on to add that the strike, as well as its tentative labor deal with the UAW, won’t prevent the company from reaching its annual target profit.

Still, the company reported better than expected revenue for its third financial quarterly, pulling in 7% more in Q3 revenue year-over year.

Likewise, Stellantis said it shipped out more than 1.4 billion vehicles during the time period,  up 11% from its previous Q3.

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