Stellantis: Wall Street Windfall or Worker Betrayal?

In a shocking move, Stellantis is preparing to spend billions of dollars on stock buybacks and dividends while autoworkers who build profitable vehicles are laid off and auto plants are underutilized across America. This is a slap in the face to the hardworking men and women who have kept this company afloat for decades. The UAW is calling on all allies of the working class to sign on to a petition demanding Stellantis invest in its workers, not just Wall Street.

The company’s annual shareholder meeting in Amsterdam saw the Stellantis Board of Directors approve a $2.6 billion dividend, while considering an additional stock buyback of up to 10% of the company’s stock, or $2.6 billion. This is a staggering amount of money that could be used to reopen plants, create jobs, and invest in the future of the company. Instead, it’s being funneled straight into the pockets of shareholders.

“Two weeks ago, Stellantis said the sky was falling because of auto tariffs, and said they had to lay off workers, claiming they are losing money. But then all of a sudden, a miracle happened: they found billions of dollars, nearly half of last year’s profits, to pay to Wall Street!” said UAW President Shawn Fain. “This is everything that has been wrong with corporate America for decades. Instead of investing in the autoworkers and facilities that make this company run, Stellantis is putting Wall Street over Main Street. Stellantis could create thousands of good paying jobs in America in very short order by utilizing excess capacity in places like Toledo South Assembly in Ohio, Belvidere Assembly in Illinois, Mack, Warren, Trenton Engine in Michigan, and plants in Kokomo, Indiana. It’s time for Stellantis to stop looting the Rust Belt for short-sighted Wall Street jackpots. INVEST IN US!”

With $5 billion, Stellantis could reopen multiple plants, lower the price of vehicles, and regain their market share in the US auto market. Instead, the company is choosing to spend that money on Wall Street. This is a betrayal of the workers who have given their blood, sweat, and tears to build this company. It’s a betrayal of the communities that have supported Stellantis for generations. And it’s a betrayal of the American dream.

Some shareholders are pushing back as well on Stellantis’ $25 million payout for disgraced CEO Carlos Tavares. As part of the UAW’s Keep the Promise campaign, Tavares was ousted following his gross mismanagement of the company. This payout is a slap in the face to the workers who have been laid off and the communities that have been left to suffer.



It’s time for Stellantis to get back on track building great vehicles in the US, using their unused capacity, and do right by the taxpayers, consumers, and autoworkers. The company needs to invest in its workforce and facilities, not just in Wall Street. The future of Stellantis depends on it. The future of the American auto industry depends on it. And the future of the American dream depends on it.

So, let’s stand up and demand that Stellantis invest in its workers, not just in Wall Street. Let’s demand that the company do right by the taxpayers, consumers, and autoworkers who have supported it for generations. Let’s demand that Stellantis get back on track and build a brighter future for all of us.