How Stellantis Destroyed Jeep
With all of the cost-cutting, Stellantis made $20 billion in profits in 2023 and paid out $7 billion to shareholders; Carlos Tavares, meanwhile, took home nearly $40 million that year. And the hope that the company would invest more in its workforce and the quality of its product following the 2023 “Stand-Up” strike at UAW turned out to be short-lived. While profitable in the short term, Stellantis's strategy is causing long-term damage to relationships with its customers, suppliers, and employees.