MILAN (NEWSnet/AP) — Stellantis, maker of Jeep and Ram, said Tuesday it is canceling its participation in next year’s CES technology show in Las Vegas, citing “mounting” costs of from ongoing auto workers strike.

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

CES has become a forum for car news, as automotive and tech companies increase tcooperation. The next edition is scheduled for Jan. 9-12, 2024.

The strike by United Auto Workers union has entered its fifth week. The union has targeted specific plants from each U.S. automaker, including Stellantis, General Motors and Ford. About 34,000 autoworkers are on strike against the three companies.

Copyright 2023 NEWSnet and The Associated Press. All rights reserved.