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Feb. 26, 2026 | No profit sharing for Stellantis UAW workers; Will companies get tariff refunds?

·21 min·1 clip

$2.2 billion North American loss—workers drop from $47K+ profit-shares to nothing.

Stellantis starts the news day with the roughest headline. Jake Neer says UAW workers at the automaker will not get profit-sharing checks after a $2.2 billion North American loss and a negative 3.1 percent margin. Tariffs and falling sales are part of the damage, so the labor hit is not abstract. Detroit 3 payouts are lower across the board. The average drops nearly 40 percent to about $6,200. Ford and GM still pay, just less. Ford workers get around $6,780, down from over $10,000. GM employees can expect up to $10,500, a 28 percent decline. Lear gets its own moment. Neer says Lear landed what it calls the biggest seating conquest in history: Ford's next-generation Super Duty seating contract, taking the program from Forvia after two generations. GM also shifts its service hardware plan, moving toward gas-powered vehicles for mobile service. Then tariffs take over. Honigman's Chauncey Mayfield explains the 6-3 Supreme Court decision saying President Donald Trump overstepped under a 1977 law. The effect is real but narrow. Mayfield says parties stopped paying that specific tariff set as of Monday morning after the decision came down. Section 232 is still in place, which means tariffs on vehicles, parts, metals, and imports remain under a different authority. Suppliers are still exposed. Mayfield's point is simple: the auto industry crosses borders constantly, and tier one, tier two, and tier three suppliers can still get hit with import costs. Companies can price risk. They have a much harder time pricing a tariff policy that keeps moving.

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