UAW
GM's stock hits three-year low amid UAW strike, potential air bag recall
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – General Motors’ inventory worth fell beneath $30 a share Thursday for the primary time in additional than three years amid ongoing strikes by the United Auto Workers union and […]
Jim Cramer says Ford may eventually look to shift some production to Mexico amid UAW strike
As the United Auto Workers strike towards the Detroit Big 3 persists, CNBC’s Jim Cramer mentioned Thursday he believes Ford (F) might finally think about shifting extra manufacturing to Mexico. “There is some movement between Ford and the UAW,” Cramer mentioned on “Squawk on the Street.” However, Cramer mentioned, “I have a feeling that, if […]
GM secures new $6 billion credit line as UAW strike costs reach $200 million
DETROIT – General Motors secured a brand new $6 billion line of credit score because the automaker braces for extra strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that we’ve seen […]
Workers remain on the picket line in Mansfield as UAW strike intensifies
The United Auto Workers strike has shifted into excessive gear with 7,000 extra staff strolling off the job as almost 4 dozen staff on the Stellantis facility in Mansfield hit the picket line. Union President Shawn Fain, talking Friday by way of Facebook Live, ordered staff to strike in Illinois and Michigan to place extra […]
Automakers grow frustrated over pace of UAW negotiations as new deadline looms
Striking members of the United Auto Workers (UAW) picket outdoors the GM’s Willow Run Distribution Center, in Bellville, Wayne County, Michigan, U.S., September 26, 2023. Evelyn Hockstein | Reuters DETROIT – Tensions are rising and accusations are flying between the Detroit automakers and United Auto Workers, because the union threatens to develop U.S. plant strikes […]
UAW aiming for 30% pay bump, sources
The United Auto Workers union needs to emerge from its strike towards Detroit’s three main automakers with at the very least a 30% pay increase, in line with folks conversant in the matter. That’s the extent — which is decrease than the round 40% hike it initially proposed to Ford Motor Co., General Motors Co. […]
Trump seeks UAW endorsement while criticizing EVs, Biden in Michigan
Former U.S. President Donald Trump speaks throughout an autoworker-focused marketing campaign rally at auto provider Drake Enterprises, on Sept. 27, 2023 in Clinton Township, Michigan. Michael Wayland / CNBC CLINTON TWP., Mich. – Former President Donald Trump tried to woo blue-collar autoworkers Wednesday night time by criticizing electrical automobiles and warning of the unsubstantiated demise […]
Ticker: R.I bank to pay $9M settlement; UAW eyes strike expansion
A neighborhood financial institution in Rhode Island agreed to pay $9 million to resolve allegations that it engaged in lending discrimination by redlining majority-Black and Hispanic neighborhoods, a U.S. lawyer introduced Wednesday. A grievance accused Washington Trust Company of failing to supply mortgage lending providers to majority-Black and Hispanic neighborhoods in Rhode Island from 2016 to […]
UAW leader condemns Trump ahead of Michigan visit during union strike
United Auto Workers (UAW) President, Shawn Fain addresses picketing UAW members at a General Motors Service Parts Operations plant in Belleville, Michigan, on September 26, 2023, as US President Joe Biden joined the employees. Jim Watson | Afp | Getty Images DETROIT – United Auto Workers President Shawn Fain doubled down on his criticism of […]
UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
United Auto Workers from Louisville Kentucky rally in assist of putting UAW members, in Detroit, Michigan, September 15, 2023. Rebecca Cook | Reuters DETROIT – Strikes by the United Auto Workers union towards General Motors, Ford Motor and Stellantis will get the presidential remedy this week in Michigan. Twice, in actual fact. President Joe Biden […]