UAW Strike
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UAW strike will raise costs for Detroit’s Big 3. Will they raise prices?General Motors, Ford and Stellantis are facing sharply higher labor costs, estimated by some analysts at exceeding US$1 billion per year, per company.U.S. NewsNov 1, 2023
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U.S. auto strike starting to cut into GM earningsThe company’s U.S. sales rose 21 per cent, and Jacobson said the average U.S. selling price for GM vehicles was US$50,750, down only slightly from the previous quarter.U.S. NewsOct 24, 2023
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UAW expands strike at Stellantis, targeting biggest assembly plantThe union has demanded a 40 per cent wage hike, improvements in benefits, as well as covering EV battery plant workers under union agreements.U.S. NewsOct 23, 2023
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Striking U.S. autoworkers raise pressure on companies: ‘Cards left to play’The United Auto Workers warned they could announce another expansion of its strikes at any time, depending on how much progress it makes in its negotiations with automakers.U.S. NewsOct 20, 2023
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UAW strike starting to impact global businesses, analysts sayThe total economic cost of the United Auto Workers strike is pegged at more than US$7 billion since it began more than a month ago.U.S. NewsOct 20, 2023
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U.S. auto workers’ strike could dent GM, Ford financial strategiesGM and Ford shares have fallen sharply since July as the standoff with the UAW has intensified. GM shares traded near a 52-week low on Friday.U.S. NewsOct 16, 2023
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U.S. autoworkers walk out of Ford’s most profitable plant, escalating strikeThe surprise move took down a sprawling Kentucky factory that makes pricey heavy-duty Ford trucks and SUVs, after union leadership said the company "hasn't gotten the message."U.S. NewsOct 11, 2023
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U.S. auto workers decline to expand strike after bargaining breakthroughFord, GM and Stellantis have made new proposals in an effort to end the escalating cycle of walkouts that threaten to undercut profits and cripple smaller suppliers.U.S. NewsOct 6, 2023
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Talks between UAW, auto companies appear to progress amid ongoing strikeUnion President Shawn Fain will update members Friday on bargaining toward bringing to an end the nearly 3-week-old strikes against the companies.U.S. NewsOct 4, 2023
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UAW expands auto strike further as deal remains elusiveHeaded into Friday, about 18,300 UAW members at the Detroit Three were on strike, or about 12 per cent of the 146,000 union members working at the automakers.U.S. NewsSep 29, 2023
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