Stellantis chief’s exit pay deal to be less than last year’s €36.5mn package Large part of Carlos Tavares’ performance-based remuneration lost due to the car company’s declining profits Save December 3 2024 News in-depth Why Stellantis chief Carlos Tavares was axed Portuguese boss ref...
Carlos Tavares, CEO Stellantis N.V. today reported record full year 2023 results. Net revenues grew 6% y-o-y to €189.5 billion, Net profit rose 11% to €18.6 billion, and Industrial free cash flows increased 19% y-o-y to €12.9 billion. Global BEV sales are up 21% y-o-y and ...
Currently, UAW workers who were hired after 2007 don't receive defined benefit pensions. For years, the union gave up general pay raises and lost cost-of-living wage increases to help the companies control costs. "The majority of our members do not get a pension nowadays. It's crazy,"Fai...
Stellantis Chief Executive Officer Carlos Tavares has been cutting jobs and slashing capacity at American factories since a plunge in US sales slicedfirst-half earningsnearly in half. Pandemic shortages led to aggressive price increases that made the company’s model lineup more expens...
Employees at the Big 3 will receive regular cost of living adjustments along with wage increases. At Ford, the increase will be based on a three-month average of changes in the consumer price index, with workers set to receive their first COLA payment in December. Specifics on GM and Stel...
Outside the Ford plant in suburban Detroit, worker Britney Johnson, 35, who has worked for the company about 3 1/2 years and has yet to reach top union wages, said she’d like higher pay, the return of pensions, and cost of living increases. “I like the job. It’s j...
Deidre Woollard:As always, people on the program may have interest in the stocks they talk about and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. I'm Deidre Woollard. Thanks for listening we'll see you tomorro...