Stellantis Sees a Smaller Hit From UAW Strike Than Ford and GM. The Stock Rises.

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Stellantis Sees a Smaller Hit From UAW Strike Than Ford and GM. The Stock Rises.
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Stellantis looks set to emerge from the six-week UAW strike with less damage than Ford and General Motors.

Stellantis looks set to emerge from the six-week United Auto Workers strike with less damage than Ford and General Motors.

The impact of the strike on profits at Stellantis is expected to be less than €750 million , Chief Financial Officer Natalie Knight said on a media call, Dow Jones Newswires reported. Revenue rose 7% to €45.1 billion, beating analysts’ estimates of €43.2 billion, according to a FactSet survey. The jump reflected greater volumes and consistent pricing power, Stellantis said.

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