MILAN (AP) — Stellantis, the multinational maker of Jeep and Ram, mentioned Tuesday that it’s canceling its participation in subsequent yr’s CES know-how present in Las Vegas citing the “mounting” prices of the ongoing auto workers strike in North America.

The Europe-based firm mentioned its focus is on measures “to mitigate financial impacts and preserve capital,” through the ongoing negotiations with the United Auto Workers union. It mentioned it will “demonstrate its transformation into a mobility tech company through other means” than participation in CES 2024.

CES has more and more grow to be a discussion board for automotive information, as automotive and tech firms improve their cooperation. The subsequent version can be held Jan. 9-12.

The strike by the United Auto Workers union has entered its fifth week for ever and ever. The union has focused particular crops from every U.S. automaker, together with Stellantis, General Motors and Ford. About 34,000 autoworkers are on strike towards the three firms, and the union has threatened to expand to add more factories.