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Stellantis cancels presentation at CES tech show due to UAW strike

Published 10/17/2023, 01:16 PM
Updated 10/17/2023, 01:26 PM
© Reuters. FILE PHOTO: The logo of Stellantis is seen on a company's building in Velizy-Villacoublay near Paris, France, February 23, 2022. REUTERS/Gonzalo Fuentes/File Photo
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(Reuters) -Chrysler-parent Stellantis (NYSE:STLA) is canceling its presentation at technology show CES slated for January 2024 due to the ongoing United Auto Workers (UAW) strike in the U.S.

"As the costs of the ongoing UAW strikes against Stellantis continue to mount, the company has decided to cancel its planned display and presentations at CES 2024," the automaker said on Tuesday.

The UAW could not immediately be reached for a comment.

The strikes have cost the Detroit Three automakers, suppliers, dealers and workers a total of $7.7 billion through Oct. 12, Anderson Economic Group of East Lansing, Michigan, estimated in a new report on Monday.

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