Stellantis FURIOUS! Sues UAW after Fain demands CEO is fired
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- เผยแพร่เมื่อ 6 ต.ค. 2024
- Stellantis FURIOUS! Sues UAW after Fain demands CEO is fired
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#stellantis #fires #uawstrike #ceo #carlostavares
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The UAW made concessions in 2009 because of the economic crisis. Now Stellantis raised their prices more than any other automaker and raked in massive profits. The UAW did their part in the lean times, now it's time to pay up. Oh no, we don't have any money now and have no idea where those record profits went! We don't have any idea what happened, someone forgot to design new cars and now all we have to sell are rotting '23 Challengers and Hornets! oh woe is us! PAY UP, YA CROOKS!
Stellantis have been designing, manufacturing, bringing and selling lots of new cars to market in the world outside of the US. It's the US auto industry and consumers who buy the biggest p**** extension truckd that are backwards & out of date.
The car industry worldwide is changing for the 21st century .. except in the US where they still want stuff built with 1970s technology & skills.
what part of they dont have the money is not understood? All of those fat profit sharing checks should have never been issued- that money should have been invested in future product. You see, the UAW was a part of the raking in of massive profits just like management. Past "profits" were an illusion.....
Do you know what happens when a million vehicle produced don't get sold? That record profits become zero or worst negative the next year. But yeah, pay up?
@@nguyep4 Yeah, pay up. They had enough money this year to buy back a billion dollars of stocks. Sorry, but demanding concessions, then poor mouthing after years of record profits doesn't cut it. It only seems like they have a million Challengers stuck to lots. They're still selling cars.
The auto industry is undergoing a major state change. One should expect a lot of turbulence and chaos. Management/ownership is likely to do what they can to protect their money, labor is likely to do what they can to protect their incomes. Expecting them to work together, wisely, most likely doesn't make sense.
The ICEV sink is sinking. People are going to fight over the lifeboats.
I retired from the auto industry, and I could not agree more ....very hard times ahead.
Viking, time to enjoy your family. enjoy your time with your family. You need rest too my friend. Thanks for the great video. B
Im glad they are calling for him to be replaced
Jeep/Chrysler/Dodge was owned by Mercedes long enough to introduce the Mercedes vans into the U.S., then Fiat bought them to introduce the Fiat 500 into showrooms across the U.S. then Stellantis bought Fiat while the Jeep brand and muscle cars were hot profit centers. Now that the brands are tired and profit flows from the U.S. to France have dried up - Now Stellantis wants a do-over on that union contract that was essentially set by the strike against GM. You know - it really is that CEO's fault. He should spin off the three brands to the U.S. employees. Make the UAW the managers. That'll teach 'em.
😂😂 Great idea. Give the US divisions to the union 😂😂😂
Sadly the banks would never allow it. Bet they have plenty of debt…
In Canada, we had the employees of a major union (PSA, of government employees) go on strike against the union.
So, a union is a business, like any other business, except, without a real product.
Any wonder that Elon Musk is anti union?
UAW workers' wages should be tied to profits, just like salaried workers and executives are.
It might be cheaper to pay the 110% tariff
These UAW employees will be out of a job soon
Stellantis: we have all the worst brands under one roof. And we want to build vehicles in the worst way, so we use UAW workers. What could possibly go wrong with this “thinking”? RIP Stellantis.
Let the *UAW* suggest somebody else. I *_dare_* them.
It's a job for shareholders. Not the UAW.
Uaw should buy the company
A lot of mechanics say if they would buy gas guzzlers it would better be a Toyota. Never heard of em saying buy a Jeep ever and definitely a RAM.
GMH produced 7.7 million cars in 69 years, Hyundai just produced it's 100 millionth,in 50 years
This is the second CEO fired by the union. VW's Herbert Diess was also fired by the VW unions. Note , this will never happen in an EV company. Because EV companies like Tesla and BYD are headed by founders not overpaid employees who are only interested only in their paychecks. Founders would prefer to go down with the ship than jump ship when the company is sinking
Musk got a $56Bn pay check.
The vehicles just aren’t good enough to justify their price. Honestly, this is the case for almost every vehicle manufacturer, but especially the big 3 right now.
I drive a truck, and need a truck for towing. I had planned on getting a Tundra next, but I guess they’re having problems too lol.
Mr. Fain taking down the company.
The inmates are running the prison now.
It is not for the union to get rid of a CEO. The Shareholders could, or a judge.
I really don’t see a full point to try to kill the CEO, clearly American brands from Stellantis have a portfolio of products that has no future, but it was happening before the it become stellantis and it will still take a couple years to put a strategy in place. This CEO was the one taking decisions that were pending for a while finishing models like Charger and Challenger to bring alupdated new products with alternative sources or energy. I believe it can be a big mistake putting someone out not letting him finish his plan as he has done very successfully in Europe.
UAW will have the highest paid workers even if they are unemployed.
It’s funny that a European CEO is complaining about a US union. I’m not a fan of the UAW, but they pale in comparison to dealing with European unions / work councils / govt. Can you imagine Stellantis shutting down several European brands / factories?
Isn't VW facing the same problem in Germany as they attempt to downsize?
Most likely we're seeing the end of the ICEV era closing in on us.
Stellantis got what they wanted, the Jeep name tag. They are getting rid of Ram, the rest will just die. The UAW knew what was going on from the beginning. Best selling EV in France is the electric Jeep, designed in Paris, built in Poland,
Hm, wish they'd bring that to the U.S.
@ChickensAndGardening I've just bought a hybrid one & it's great - the neanderthal behemoth pick-up drivers won't like it though.
Carnivore, Viking, Carnivore.
The "corporate puffery" guy doesn't like the concept of collective bargaining either.
Given the demographic situation in the States and Germany in the next few decades and the fact that their populations apparently don't want migrants, it is probably a wiser decision to move the noncompetitive car plants to other parts of the world being it Mexico or China. We are not in the economy of the 80's anymore. Convert these workers to other industries. Those countries need a huge amount of staff in the healthcare in the next decades. If they don't want to import them from other countries then lets train American and German workers to healthcare or other services. Not sure which politician is brave enough to bring their population this rational but less triumphant news.
Your sound was fine. Disney in CA is much better than the one in FL IMO. Thx for the video. Could you perhaps talk about what it really costs the workers to belong to the UAW? As far as a percent of their wages. Compare that to what Tesla pays their workers.
soon everyone will be unemployed. The UAW just hurried the situation with their wage demands earlier this year.
GET BACK TO WORK PEASANTS, CARLOS NEEDS HIS BONUS!
Carlos Needs To Be Fired!!!! It’s been a complete disaster since the merger…
Workers shouldn’t pay for the sins of shit management. They can’t fire the ceo. They can pressure the company/board to fire ceo. They can bring attention to the situation… just like the customers the dealer network etc.
I agree. It's way too late to get rid of Carlos. The UAW workers should just quit their jobs and work for other car manufacturers. Let Stellantis sink. Let's move on.
They won't find jobs at other manufacturers. No one would hire them. The other unionized companies are trying to downsize their union plants and offshore to Mexico or Asia. Non-union factories like Tesla wouldn't want lazy overpaid underskilled jerks like them either. The UAW era is over.
Serious question, What other auto company is hiring to absorb these workers? Humanoid robots are just now becoming a viable alternative for some of the positions
There aren't other car manufacturers ramping up EV production at a meaningful level in the US except for Tesla. Were I an ICEV employee I'd try to stretch my job and protect my wages as long as possible. Ownership screwed itself. They've been consistently warned since 2012.
John Elkann needs to be removed! He is the cause all of the problems at all of the brands. Who cares about the CEO!!!!
The sound is fine
fire the C E O isnt that a little 2 late he,s making big money at the top he isnt making 25_30 dollars an hr like the rest but going home with millions so he doesnt care if he looses his job should have been canned long ago
Remove the UAW
You're providing the wrong information. Ford and GM have the same contract as stellantis, and they are doing fine. The CEO is destroying stellantis. When you get rid of vehicles and engines that consumers want, you fail. The CEO got rid of the V8 hemi, which is what Americans want. He then decided to raise prices on vehicles that were higher than his competitors at Ford and GM. Both problems are because of the CEO
How is the UAW to blame at all? The labor that goes into manufacturing those automobiles is 3% of the cost of a vehicle. They, stellantis make a ram for $32k , sell it to the dealers for 45-60k, the dealer sells that Ram for $90k. After the dealer has that vehicle stellantis has made their money on it. Unless there is a recall or warranty work then. What’s killed stellantis is Tavares and his sacrificing quality mid managing production and destroying brand expectations. Everyone knows what a Hemi is and who makes it. For 50 years the Hemi has been iconic so let’s just change who we are and what the customer expects with our brand. The fact is Europeans run that company and dodge Jeep Chrysler are American brands and Europeans either don’t understand the American consumer or are deliberately trying to force their market choices and preference on Americans, who will just walk away from the brand altogether instead of excepting the choices of the European CEOs . If the company doesn’t fail it will be because the UAW and their ability to lobby legislatures and other politicians that the loss of 43,000 middle class jobs will be catastrophic and may have consequences for them on the next election.
Your sound is good
The Roman empire fell
not to be ageist or anything but stereotypically speaking everyone there is thinking career for the next few decades... this guy is thinking about his retirement in the next few years
I agree with you for the most part, Sam (and by the way, welcome to the US!). I only have trouble comprehending how the UAW could be at even partial fault, and I'll explain myself. My father worked and retired from the General Motors Fisher Body plant in Grand Rapids, before the automated robots, and ended up having multiple back surgeries and irreparable damage. If it were not for the UAW, he would have been tossed to the wolves. Because of the UAW, General Motors was forced to give him early retirement with full pension and lifetime health insurance. If it werent for the UAW, workers here in the US wouldnt have paid vacations, 40 hour work weeks, overtime pay. Sean Fein is a very highly respected man in the automotive industry. They protect the workers. They dont just strike every chance they can. These strikes only happen with union support when there is really an issue at hand where the workers are not treated fairly. Therefore, just my opinion, that Stellantis has done something major for the UAW to take a stand like this. Just giving you an alternate point of view. Im still praying for BYD to make it over here and give Autocrat Musk a run for his money.
Pres. Fain of the UAW has gone off the rails by suing Stellantis to force Tavares out. The UAW has no viable legal foundation for such a lawsuit calling for the CEO to be pushed out.. That said, Tavares has done a terrible job as a CEO with no foresight or planning to keep the auto business alive for the long term. Stellantis is a dead company walking, unless it can find a merger partner and new management. The Jeeps are overpriced and of mediocre quality, as are the Ram, Dodge and Chrysler vehicles. Tavares has priced the Stellantis products out of the market to the point where their vehicles in the USA has become virtually un-sellable by the dealers. Some vehicles have over a year's worth of inventory sitting around!
Think about it as a game of musical chairs. As ICEV sales decrease, chairs are removed. Everyone in an ICEV producing business is going to be fighting for one of the remaining chairs.
The uaw isn't suing Stellantis. Stellantis is suing the uaw.
Carlos is awful!
Sam, you don't seem to understand that the role of a union is to bargain with the employer. You're also ignoring the reason why the UAW is in this position. Workers are human, not robots, and need to have a steady job and income. Americans can't live on Chinese salaries in America.
And it's not the workers fault that ownership ignored the transition to EVs. Workers should make what they can as ownership drives their companies over the cliff.
By that reasoning, all companies should be unionized because everyone needs a job. Unless we live in a socialist/communist regime, employers should not be constrained, intimidated and blackmailed by unions and workers should be encouraged to vote with their feet and leave if they no longer support management. Unions do not care about the survival of the company - a short term strategy that will always prove fatal. Union bosses are often corrupt and wealthy while they steer their members to squeeze their management until bankruptcy is the only option. Just look at the VW Group. It is a complete joke what the union is doing. The VW union would rather shutter the entire business than to accept that factories need to be closed and people need to be laid off simply because sales cannot support their expenses.
I know many Americans who live on Chinese salaries. My mother only gets $967/mth on social security. FYI that is $7.38/hr for a working person before taxes. Minimum wage is $7.25/hr. She worked for 40 years.
@@bobwallace9753the transition to EVs have nothing to do with it it’s the fact that all of their vehicles are overpriced and btw nobody wants an electric dodge charger that’s gonna be their nail in the coffin
@@davidbeppler3032that’s unfortunate and we should do more for those who have fallen through the cracks. What many do not know is that SSN was never meant to be the primary source of retirement income; it was only intended to play a supplementary role, with defined benefits and defined contribution and personal savings to constitute the bulk of retirement funds. Additionally, a shrinking workforce as a direct result of a shrinking population simply means less people have to support a growing aging and retired population. To cap it all off, humans are living longer and longer, so you see where I am going with this. The party that is in power 4 years from now will have to decide if they will raise the retirement age or cut all benefits by 20% or raise SSN taxes on those working by 20% or a combination of both or print the deficit right out of thin air and in doing so, guarantee perpetual elevated inflation. None of these options will sit well with Americans, but I suspect the least painful is to inflate away the problem and deal with inflation further down the road.
Fain is the chicken little of empty threats. Best thing Stellantis could do is let Chrysler, Dodge, RAM and Plymouth tank. With Just Jeep left in the USA, Stellantis could do a blink contest with the UAW. Take what's left or we have a fire sale and retreat to Europe. Might as well do it since they've already completely lost the electrification momentum and Jeep is next on the list for sales to plummet.
Uaw is trash
what are we doing guys?
We're leaving fossil fuels and moving to renewable energy. Some companies weren't willing to listen and adapt. Those companies will struggle hard to survive, if they survive at all.
@@bobwallace9753 but fire yourr own CEO ok if this succedes who will you hire as CEO?
Chrysler makes great trucks and Jeeps, but they're charging ridiculously high prices. Find a way to charge prices that working class people can afford, and they'll sell. Also, move production to Mexico and get rid of union labor.
Maybe Stellantis figured out that they will go bankrupt because they can't ramp up EVs fast enough to save themselves. So what they are doing is maximizing their short term profits. And, at the same time, reducing their workforce and closing plants so that they don't suffer a sudden, massive collapse.
Just fadin' away....
@@bobwallace9753 How big is the EV market in the U.S. and Europe? Stellantis already has a few EV's. Ford, GM, VW, Toyota, Lucid and Nissan all have gone head to head with Tesla in these markets and lost. I hope they are eventually successful, but I don't think there's a magic wand they can wave to save their companies. They're going to have to just rebrand low-cost China-made EVs in order to stay in that sector.
@@ChickensAndGardening
The EV market is growing slower in the US than in Asia and parts of Europe. We don't have a large selection of EVs that people want to buy. And legacy is spending billions convincing buyers that hybrids are better than EVs.
I think we may see a change in the US if Tesla does start selling a less expensive EV built in the Austin 3/Y plant. A $35k EV with a $7.5k subsidy would mean a $27.5k Tesa and be a major catalyst for EV sales. We should know later this week.
Europe is likely to be a country by country thing. Germany and other countries with auto industries to protect seem to be putting up walls against Chinese EVs, like the US is doing. Other European countries are going hard for EVs.
@@ChickensAndGardening The magic wand of competition is to make what people want. Not the compliance car EVs they wasted a decade on.
FAIN SHOULD BE FIRED!!!
Who the hell is the UAW telling Stellantis who to run the company! I hope Stellantis moves all production to Mexico and screws the greedy and unreasonable union! Down with Fain the pain!
Carlos Needs To Be Fired!!!! It’s been an complete disaster since the merger…
A disaster eh? - Stellantis is pushing ahead with bringing new models to market at pace - and these are ones at an affordable price that people are buying. Maybe it's just the backwards US auto industry that can't see that change in required to survive.