Stellantis Pulls Out of Electronics Show to Cut Costs

In a terse statement this morning from Amsterdam,  Stellantis (NYSE: STLA) said “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.” It was scheduled to appear there during January 2024 in Las Vegas, Nevada.

“In light of the current status of negotiations in the United States, preserving business fundamentals and therefore protecting the future of the company is a top priority of Stellantis leadership,” Stellantis said.

“The Company is executing comprehensive countermeasures to mitigate financial impacts and preserve capital, and will continue to demonstrate its transformation into a mobility tech company through other means,” Stellantis said.