Cameron Harrison at People’s World reports Stellantis, the Global Auto Giant and maker of Chrysler, Dodge and Jeep brands, is making headlines again - and again for the wrong reasons. While thousands of Auto Workers have been laid off or face new layoffs, the company is funneling billions into stock buybacks and dividends for its shareholders. The move has sparked outrage from the United Auto Workers (UAW) and the broader Working Class, who are fed up with big business profiteering, especially as the crisis of everyday living grows harsher for Working Families. At its annual shareholder meeting, Stellantis approved a $2.6 billion dividend payout to its shareholders. They are also considering an additional $2.6 billion stock buyback -nearly half of last year’s profits. The announcement comes just weeks after Stellantis blamed auto tariffs for its financial struggles. And the company used those claims to justify its layoffs. “Two weeks ago, Stellantis said the sky was falling because of auto tariffs,” UAW President Shawn Fain said. “They 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!” Fain called the move a perfect example of corporate greed. “This is everything wrong with Corporate America,” he said. Instead of investing in its Workers and plants, Stellantis is looting the Rust Belt for short-term Wall Street profits.

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