After a whirlwind of strikes and heated negotiations, Stellantis can finally breathe a sigh of relief, having reached a tentative contract agreement with the United Auto Workers (UAW). Stellantis has committed to a pay increase of over 33% for its employees. With cost-of-living adjustments and compounding factored in, this translates to an effective raise of 11%. Additionally, the assembly plant in Belvidere, Illinois, will be brought back to life to churn out midsize trucks. Stellantis seems to be setting its sights on competing with the likes of Ford’s Ranger and GM’s Chevrolet… More…