UAW workers ratify contracts with Big 3 automakers
Synopsis by Tech Times Nov 20
United Auto Workers (UAW) members from Ford, General Motors, and Stellantis have officially ratified new contracts with significant wage increases.
Detroit Free Press: BREAKING: The United Auto Workers made it official Monday: The new ...
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| Last Updated | Nov 21 |
| Total Articles | 13 |
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UAW workers ratify contracts with Big 3 automakers: UAW workers ratified new contracts with General Motors, Ford and Stellantis, securing record wage gains over ...
washingtonpost.com/business/2023/11/20/uaw-contract-ford-general-motors-stellantis/
What are the highlights of UAW's deals with Detroit Three automakers?: The United Auto Workers (UAW) union said Monday that 64% of workers at the Detroit Three ...
reuters.com/business/autos-transportation/highlights-uaws-deals-with-detroit-three-automakers-2023-11-08/
Another major legacy automaker agrees to terms in light of UAW union threat: The UAW recently ratified its historic contracts with the Detroit Three.
thestreet.com/electric-vehicles/another-major-legacy-automaker-agrees-to-terms-in-light-of-uaw-union-threat
UAW's Fain: 'Workers deserve their fair share of economic and social justice': Audacious goal: To gain UAW membership in nonunion companies across the industry — ...
detroitnews.com/story/business/autos/2023/11/21/uaws-fain-workers-deserve-fair-share-of-economic-and-social-justice/71664633007/
With historic new deals in hand, UAW auto union targets Tesla, other automakers: Following the conclusion of the union's historic stand-up strikes ...
thestreet.com/automotive/uaw-auto-union-detroit-three-strikes-tesla-electric-vehicles
Done deals: UAW confirms ratified contracts with GM, Ford and Stellantis: The companies ratified the agreements on average by 64%, according to the UAW.
detroitnews.com/story/business/autos/2023/11/20/uaw-contracts-ratified-gm-ford-stellantis-ratification-bonus/71653176007/
Union victories could spark new blue collar power in the Bluegrass | Opinion: OpEd: There may be nothing more potentially transformative than the reawakened idea ...
kentucky.com/opinion/op-ed/article282066748.html
UAW clinches record Detroit deals, turns to organizing Tesla, foreign automakers: The United Auto Workers (UAW) said Monday that 64% of workers at the Detroit ...
reuters.com/business/autos-transportation/uaw-says-64-workers-vote-ratify-detroit-three-contracts-2023-11-20/
As UAW officially ratifies Detroit 3 contract, Ford CEO says deal adds 'significant cost'
freep.com/story/money/cars/2023/11/20/uaw-strike-deal-contract-ratified-gm-stellantis-ford/71653180007/
BREAKING: The United Auto Workers made it official Monday: The new labor contract is ratified across the Detroit Three automakers ... Show more
The massive UAW strike against Detroit's Big Three was a wake-up call for foreign automakers
qz.com/the-massive-uaw-strike-against-detroits-big-three-was-a-1851037858
UAW Workers Vote to Ratify Historic Contracts With Ford, GM, and Stellantis: United Auto Workers (UAW) members from Ford, General Motors, and Stellantis have ...
techtimes.com/articles/298906/20231121/uaw-workers-vote-ratify-historic-contracts-ford-gm-stellantis.htm
Barra: GM still planning to be all-electric by 2035: The automaker's CEO says GM will stick to its plans but adjust with customer demands.
detroitnews.com/story/business/autos/general-motors/2023/12/04/barra-gm-still-planning-to-be-all-electric-by-2035/71678366007/
Ford CEO responds to Elon Musk's offer of electric-vehicle help: Tesla's Cybertruck uses a new architecture.
thestreet.com/electric-vehicles/ford-ceo-responds-to-elon-musks-offer-of-electric-vehicle-help
Vaishali Achieves GM Title: GM-elect Vaishali Rameshbabu crossed 2500 FIDE to earn the grandmaster title at the 2023 Elllobregat Open in Spain on Friday.
chess.com/news/view/vaishali-achieves-gm-title
The first fast chargers in GM and Pilot Flying J’s huge coast-to-coast network are open
electrek.co/2023/12/05/the-first-fast-chargers-in-gm-and-pilot-flying-js-huge-coast-to-coast-network-are-open/
Current Ford Mustang Production Is Ending in 2028: Report: According to a recent report, the S650-generation Ford Mustang could end production in 2028 ...
thedrive.com/news/current-ford-mustang-production-is-ending-in-2028-report
GM says next-gen Bolt will be EUV-only as the SUV virus infects the industry: We thought GM would bring back the Bolt, but it turns out they're killing it - ...
electrek.co/2023/12/08/gm-says-next-gen-bolt-will-be-euv-only-as-the-suv-virus-infects-the-industry/
Exclusive: The UAW is taking a third try at organizing Volkswagen's plant in Tennessee
axios.com/2023/12/07/uaw-vw-volkswagen-united-auto-workers-chattanooga-tennessee
The good news in November's jobs data: Jobs growth is cooler but it's still allowing more Americans to reap the benefits of still somewhat tight conditions.
axios.com/2023/12/08/november-jobs-report-analysis
Quick Glance: US Job Growth: 199K Added, Unemployment Falls
- Last month, US employers added a solid 199,000 jobs and the unemployment rate dropped.
- The unemployment rate fell from 3.9% to 3.7%, not far from a five-decade low in April.
- The unemployment rate has been below 4% for 22 months, the longest streak since the late 1960s.
- The economy and labor market are showing signs of slowing back to pre-pandemic levels as inflation decreases.
General Motors stock price soars 10% on $10 billion share buyback plan: The automaker also said it will increase its common stock dividend by 33%
markets.businessinsider.com/news/stocks/general-motors-stock-price-gm-share-buyback-markets-ev-investors-2023-11
Quick Glance: GM Announces $10 Billion Stock Buyback and Dividend Increase
- GM plans to raise the quarterly dividend next year by 33% to 12 cents per share; launch an accelerated $10 billion repurchase program; and reinstate its 2023 forecast to include an estimated EBIT-adjusted impact from six weeks of U.S. labor strikes.
- GM CEO Mary Barra stated that the company is finalizing a budget for next year to fully offset the additional costs of new labor agreements.
- Net income for stockholders of $9.1 billion to $9.7 billion, compared to a previous outlook of $9.3 billion to $10.7 billion.
- Adjusted earnings per share of approximately $7.20 to $7.70 including the stock buyback, compared to the previous outlook of $7.15 to $8.15.
The EV Bubble Has Popped. There’s No Denying the Numbers.: Tens of billions of dollars have all gone to money heaven, spent by EV startups that don't have ...
barrons.com/articles/electric-vehicles-stock-tesla-ford-gm-rivian-bubble-73c949c6
No, Chevrolet Camaro Production Hasn't Ended Yet: The historic Chevrolet Camaro is going away, but not today, and it may still come back in the near future ...
thedrive.com/news/no-chevrolet-camaro-production-hasnt-ended-yet
GM and Toyota are shaping up to be the biggest losers in the EV transition: Legacy automakers have scaled back or set overly modest electric vehicle production ...
techcrunch.com/2023/12/03/ev-transition-losers/
A rough patch on the road to an electric car future: Electric vehicles have hit a much-publicized rough patch, as sales fail to match industry hopes ...
csmonitor.com/Environment/2023/1128/A-rough-patch-on-the-road-to-an-electric-car-future
Niemann Scores 1st Win, Gukesh Suffers Candidates Blow: Hans Niemann sacrificed a knight and two rooks to beat IM Shreyas Royal in round four of the 2023 London ...
chess.com/news/view/london-chess-classic-2023-round-4
Buy GM Stock, Not Ford, Says Wall Street: GM stock caught an upgrade to Buy at Mizuho. GM shares also were started with a Buy rating at HSBC ...
barrons.com/articles/gm-stock-ford-general-motors-wall-street-1bf06323
For Labor Unions, 2023 Was the Year of the Strike—and Big Victories: A new generation of leaders ran smarter and more militant campaigns and pushed for strikes ...
wsj.com/business/unions-workers-2023-strikes-companies-da09de12
GM confirms 2025 launch date for next-gen Chevy Bolt EV: Finally, GM’s CEO Mary Barra announced when we can expect the next-gen Chevy Bolt EV to hit the market ...
electrek.co/2023/12/05/gm-confirms-2025-launch-date-next-gen-chevy-bolt-ev/
Luxury EVs Aren’t What the U.S. Needs: EV sales at General Motors are coming a little more slowly that expected. But things at Cadillac look just fine.
barrons.com/articles/luxury-ev-models-tesla-ford-gm-stock-9e9d8b68
Will Ford and Tesla Qualify for EV Tax Credits Under New Battery Rules?: The Energy Department has released guidelines that impact EV tax credits in 2024 and ...
barrons.com/articles/ford-tesla-ev-tax-credits-batteries-china-038cdcee
Exclusive: New leader of GM's Cruise acknowledges 'all-time low' amid safety review
reuters.com/business/autos-transportation/new-leader-gms-cruise-acknowledges-all-time-low-amid-safety-review-2023-12-05/
UAW Becomes Largest U.S.-Based Union to Call for Gaza Ceasefire: Here in the U.S., a protester is in critical condition after setting themself on fire Friday ...
democracynow.org/2023/12/4/headlines/uaw_becomes_largest_us_based_union_to_call_for_gaza_ceasefire
Comer mischaracterizes Hunter Biden car payment reimbursement to his dad : The three payments of $1,380 that occurred in 2018 were actually for a 2018 Ford ...
washingtonpost.com/politics/2023/12/04/comer-mischaracterizes-hunter-biden-car-payment-reimbursement-his-dad/
Quick Glance: Comer, Jordan Threaten Hunter Biden with Contempt of Congress
- Comer and Jordan threaten contempt of Congress as Biden's counsel rejects public hearing.
- Committees will initiate contempt of Congress proceedings if Biden doesn't appear on Dec. 13.
- The letter represents an escalation of the conflict between House GOP and Biden.
- Republicans seek Biden's testimony as part of an impeachment inquiry into the president.
Tesla shares 48V architecture with other automakers to move the industry: One of the less obvious features of the Tesla Cybertruck is its vehicle voltage ...
electrek.co/2023/12/07/tesla-shares-48v-architecture-with-other-automakers-to-move-the-industry/
Ford Issues Guidance and It’s Really Good. The Stock Is Rising.: With UAW negotiations wrapped up, Ford has issued 2023 financial guidance ...
barrons.com/articles/ford-stock-earnings-guidance-85c7e331
UAW Becomes Largest US Union to Back Gaza Cease-Fire: "From opposing fascism in WWII to mobilizing against apartheid South Africa and the Contra war ...
commondreams.org/news/uaw-cease-fire-gaza
Wall Street Lunch: Charlie Munger Passes Away: Charlie Munger, investing icon and vice chairman of Berkshire Hathaway, passed away at the age of 99; GM ...
seekingalpha.com/article/4654923-wall-street-lunch-rip-charlie-munger
Niemann Compares Himself To Fischer After Winning Tournament By 3 Points: GM Hans Niemann won the historic Tournament of Peace 2023 in Zagreb on Thursday by a ...
chess.com/news/view/niemann-wins-2023-tournament-of-peace
Cybertruck Is Here. How It Stacks Up Against Ford, GM, and Rivian.: What will electric truck buyers pick? A Cybertriuck, an F-150, a Silverado, or a Rivian R1T.
barrons.com/articles/cybertruck-stacks-up-ford-gm-rivian-b677ff04
Hybrid cars are having a moment amid electric car skepticism: Many consumers making the jump from gasoline cars are opting for hybrids rather than all-electric ...
axios.com/2023/12/06/hybrid-cars-electric-evs
Tesla’s Cybertuck Event Is Almost Here. What to Watch.: Tesla has a flair for launches that only tech companies once wielded. Watch live at the X stream here and ...
barrons.com/articles/tesla-cybertuck-event-watch-live-stream-700be9a6
GM has to pay $8 million to workers after 2018 decision to make plants 'unallocated'
detroitnews.com/story/business/autos/general-motors/2023/12/07/gm-has-to-pay-8-million-to-workers-after-2018-decision-to-make-plants-unallocated/71842436007/
The Tesla Cybertruck Might Be Creating a Halo Effect for Ford and Rivian, Too: Search activity for the Rivian R1T and the Ford F-150 Lightning got a boost from ...
barrons.com/articles/tesla-cybertruck-halo-effect-ford-rivian-c842b010
Stock market today: Wall Street gains ground after encouraging updates from GM and other companies
bloomberg.com/en/news/thp/2023-11-29/stock-market-today-asian-shares-mostly-fall-after-wall-street-rallies
Caruana Wins Sinquefield Cup: GM Fabiano Caruana added the 2023 Sinquefield Cup to his year of victories on Thursday.
chess.com/news/view/sinquefield-cup-2023-caruana-wins
The labor market stays robust, with employers adding 199,000 jobs last month : U.S. employers added 199,000 jobs in November, higher than the 150 ...
npr.org/2023/12/08/1218146077/economy-jobs-labor-market-unemployment-employers-inflation
GM CFO Says EV Demand And Profitability Picture Aren’t So Bad
barrons.com/articles/gm-stock-ev-demand-3b873fcb
In reversal, GM considers bringing back hybrids: After years of pushing forward on its all-EV path, General Motors is reviewing whether to bring hybrid options ...
detroitnews.com/story/business/autos/general-motors/2023/11/28/gm-considers-bringing-back-hybrid-options-for-north-american-market/71721267007/
Ford's November US vehicle sales slip, EV sales rise: Ford Motor (F.N) posted a 0.5% drop in U.S. new vehicle sales for November on Monday ...
reuters.com/business/autos-transportation/fords-us-vehicle-sales-slip-05-november-2023-12-04/
GM 'focused on righting' ship at self-driving Cruise unit -CEO: General Motors (GM.N) CEO Mary Barra said on Monday the Detroit automaker is "very focused on ...
reuters.com/business/autos-transportation/gm-focused-righting-ship-self-driving-cruise-unit-ceo-2023-12-04/
UAW announces drive to organize Toyota, Tesla and a dozen other automakers : United Auto Workers launches a new campaign to expand on labor success ...
washingtonpost.com/business/2023/11/29/uaw-toyota-tesla-organize/
Quick Glance: UAW Launches Campaign to Organize Auto Manufacturers
- UAW announces campaign to organize Toyota, Tesla, Honda, and other non-unionized automakers in the US.
- Union unveils website for electronic signing of union authorization cards for 13 companies.
- Union aims to expand membership after negotiating record contracts with Detroit's Big Three and plans to organize thousands of workers.
- Growing movement of workplace activism drives the campaign as workers across industries strike for better pay and benefits.
Former GM explains why he 'wouldn't sign' prized free agent Shohei Ohtani: It's safe to say that all 30 MLB teams reached out to prized free agent Shohei Ohtani ...
yardbarker.com/mlb/articles/former_gm_explains_why_he_wouldnt_sign_prized_free_agent_shohei_ohtani/s1_13132_39645347
Quick Glance: Ohtani-Watch Sparks Confusion with Conflicting Reports
- Where is Shohei Ohtani?
- Toronto Blue Jays, Los Angeles Dodgers, Los Angeles Angels, San Francisco Giants, and Chicago Cubs are his potential destinations.
- Early reports of Ohtani's decision to join the Blue Jays were later contradicted.
- A private jet flying to Toronto turned out to be transporting a Canadian businessman.
Why No One Wants to Pay for the Green Transition: Investors and consumers are balking at the costs of replacing fossil fuels with renewable energy ...
wsj.com/business/autos/why-no-one-wants-to-pay-for-the-green-transition-aed6ba74
Stellantis CEO: Companies losing money on EVs may only have until 2030: The competitors in the best position to survive that, Stellantis NV's Carlos Tavares ...
detroitnews.com/story/business/autos/chrysler/2023/12/06/stellantis-ceo-carlos-tavares-golman-sachs-companies-losing-money-evs-darwinian/71822453007/
The S&P 500 Dumped This Stock for Tesla. It Has Crushed the EV Maker Ever Since.: Tesla was added to the S&P 500 nearly three years ago, taking the place of real ...
barrons.com/articles/tesla-apartment-investment-sp500-stock-price-fc590703
Illinois to investigate U.S. Steel layoff notices for Granite City workers: The Illinois Department of Labor said Thursday that it has subpoenaed U.S ...
stltoday.com/news/local/business/illinois-to-investigate-u-s-steel-layoff-notices-for-granite-city-workers/article_ebd81c8c-8fb8-11ee-9bd9-6336d141ef3d.html
Ford Pro, Xcel Energy to make 30,000 EV charging ports available to commercial fleets
detroitnews.com/story/business/autos/ford/2023/12/05/ford-pro-xcel-energy-ev-charging-ports-commercial-fleets/71812337007/
US probes 73,000 Chevrolet Volt cars over loss of power, issues restarting: About 73,000 Chevrolet Volt plug-in hybrids are being investigated by the NHTSA over ...
foxbusiness.com/markets/us-probes-73000-chevrolet-volt-cars-over-loss-power-issues-restarting
GM to Sell Bond in Busy Market After Inking Term Loan Agreement: The financial arm of General Motors Co. joined a rush of borrowers selling high-grade debt ...
bloomberg.com/news/articles/2023-12-04/gm-to-sell-bond-in-busy-market-after-inking-term-loan-agreement
GM boss Mary Barra’s high-tech bet unraveling after Kyle Vogt departs as CEO of embattled Cruise robo-taxi unit
fortune.com/2023/11/20/gm-mary-barra-kyle-vogt-cruise-robotaxi-self-driving-cars/
UAW launches push to organize at Tesla and other non-union car makers: Union drive will cover nearly 150,000 workers at factories largely in US south
theguardian.com/us-news/2023/nov/29/uaw-union-tesla-toyota-honda
Start over? Stay the course? Chicago Bears GM Ryan Poles is nearing a series of landmark decisions.
chicagotribune.com/sports/bears/ct-chicago-bears-ryan-poles-caleb-williams-20231203-ygr5l7fcavea5n4s7dfogaguvu-story.html
G.M. to Cut Spending on Cruise Self-Driving Unit: General Motors will “substantially lower spending” on autonomous vehicle efforts in 2024 after accidents with ...
nytimes.com/2023/11/29/technology/cruise-general-motors.html
The Vikings’ coach and GM are having a staring contest with the sun: The Josh Dobbs honeymoon is over and Minnesota's current direction is prompting more ...
deadspin.com/josh-dobbs-minnesota-vikings-kirk-cousins-nfl-1851058975
Tesla beats US claim that it fired factory workers amid union campaign: A U.S. labor board has dismissed claims that Tesla Inc (TSLA.O) illegally fired employees ...
reuters.com/business/autos-transportation/tesla-beats-claim-that-it-fired-factory-workers-amid-union-campaign-2023-11-27/
GM hydrogen unit to supply fuel cells for Autocar's heavy vehicles: General Motors' (GM.N) and Autocar Industries have agreed to jointly develop hydrogen-powered ...
reuters.com/business/autos-transportation/gm-hydrogen-unit-supply-fuel-cells-autocars-heavy-vehicles-2023-12-07/
Ford, Xcel Energy team up to offset cost of EV charging infrastructure for customers
freep.com/story/money/cars/ford/2023/12/05/ford-pro-xcel-offset-ev-costs-for-some-customers/71775300007/
As Atkins says little, let's read between the lines on Blue Jays, Ohtani: Blue Jays GM Ross Atkins met the media via Zoom and said very little ...
sportsnet.ca/mlb/as-atkins-says-little-lets-read-between-the-lines-on-blue-jays-ohtani/
There’s Big Auto Industry News This Week. It Isn’t About Tesla’s Cybertruck.: A day before Tesla hands over Cybertrucks to eager customers, General Motors will ...
barrons.com/articles/gm-business-update-evs-uaw-cruise-4010405a
EV Battery Plant Rides Bumpy Road in This Michigan Town: Ford pauses and then scales back proposed facility backed by government funding and set to employ ...
wsj.com/us-news/climate-environment/ev-battery-plant-rides-bumpy-road-in-this-michigan-town-51ea3b05
GM will not advertise in Super Bowl, first time since 2019: General Motors (GM.N) said on Monday it will not advertise in the 2024 Super Bowl ...
reuters.com/business/gm-will-not-advertise-super-bowl-first-time-since-2019-2023-11-20/
Ford CEO Jim Farley slashes plans for new battery cell plant in latest sign the EV sales bonanza may be over
fortune.com/2023/11/22/ford-jim-farley-electric-vehicles-batteries-michigan-manufacturing-factory/
Quick Glance: Ford Cuts Jobs, Investments for Marshall EV Battery Plant
- Ford is reducing its commitment to a planned electric vehicle battery facility in the Marshall area by 800 jobs and over $1 billion, resulting in a 40% reduction in the plant's production capacity.
- This announcement marks a significant departure from the previously promised 2,500 jobs and $3.5 billion investment by Ford and Governor Gretchen Whitmer earlier this year.
- A Ford spokesperson, Mark Truby, admitted that the company's cuts will likely lead to the state reducing the approximately $1.8 billion in taxpayer subsidies for the megadevelopment.
- Truby stated that Ford originally anticipated the facility would produce 35 gigawatt hours worth of batteries annually, enough to equip about 400,000 vehicles.
General Motors outlined a $10 billion share buyback program and a 33% dividend increase this week, even as it said the lengthy United Auto Workers strike will ... Show more
Biden’s EV Subsidy Rules Leave Room for Chinese Suppliers: The new requirements still likely mean fewer options for car buyers hoping to claim a $7 ...
wsj.com/us-news/climate-environment/bidens-ev-subsidy-rules-leave-room-for-chinese-suppliers-5160ea1d
General Motors’ Cruise robotaxi unit could face $1.5 million in fines over an October accident, in which a pedestrian was dragged for 20 feet by one of its ... Show more
Ford Lowers Profit Guidance as Labor Costs Rise $8.8 Billion: Ford Motor Co. restored financial guidance Thursday, saying profits would come in lower than ...
bloomberg.com/news/articles/2023-11-30/ford-lowers-profit-guidance-as-labor-costs-rise-by-8-8-billion
Stellantis to lay off thousands at Jeep plants, blames California emissions regulations
foxbusiness.com/politics/stellantis-lay-off-thousands-jeep-plants-blames-california-emissions-regulations
Ohio senator questions Stellantis decision to cut jobs at Jeep plants: Because of more stringent rules, Stellantis only will ship ordered internal combustion ...
detroitnews.com/story/business/autos/chrysler/2023/12/08/ohio-senator-jd-vance-questions-stellantis-decisioncut-jobs-jeep-plants-toledo/71856094007/
Is there a basic problem with autonomous driving?: The feasibility of autonomous vehicles for general use in public traffic has long been questioned ...
asiatimes.com/2023/12/is-there-a-basic-problem-with-autonomous-driving/
LG Energy Shares Fall on Report GM Seeking More Tax Credits: LG Energy Solution Ltd. shares fell in Seoul trading on concern the company may have to hand over a ...
bloomberg.com/news/articles/2023-12-01/lg-energy-falls-on-report-gm-seeking-bigger-share-of-tax-credits
Smith will have to earn the trust of local recruits and their parents and high school coaches — and do so quickly. Former recruits aren't concerned.
GM Stock Can Drive More Than 40% Higher, Analyst Says. Plus, What’s in Store for Shopify and More.
barrons.com/articles/gm-stock-can-drive-more-than-40-higher-analyst-says-plus-whats-in-store-for-shopify-and-more-31b8ab4e
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