The union says it's on strike at the Sterling Heights Assembly Plant in Michigan, which makes Dodge RAM 1500 pickup trucks.
The union said Monday it was on strike at the Sterling Heights Assembly Plant in Michigan, which makes Dodge RAM 1500 pickup trucks. Trucks are a significant source of profits for the Detroit car companies.About 14,000 Stellantis workers now are on strike. That brings the total for the Detroit Three to about 40,000 out of roughly 145,000.Stellantis stock has risen about 9% since the start of July, when labor issues came to the fore.
Stellantis is a more global company than its two Detroit peers. It’s also a cheaper stock trading for less than 4 times estimated 2024 earnings. Ford and GM shares trade for less than 7 times and 5 times, respectively.
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