Auto workers officially went on strike after failing to reach a new contract agreement with Big Three automakers Ford (F), General Motors (GM), and Stellantis (STLA), before the Thursday deadline.The United Auto Workers union conducted a stand-up style strike, simultaneously picketing at three different plants: General Motors' Wentzville, Missouri facility; Ford's Michigan Final Assembly & Paint Plant; and the Stellantis Assembly Plant in Toledo, Ohio. Approximately 13,000 workers are reportedly taking part in this strike that analysts predict could go on for over a month.Yahoo Finance's Pras Subramanian and Rick Newman discuss how this strike could impact the automotive industry, dynamics among non-unionized auto workers, and its potential effects on auto parts suppliers and used car retailers.
Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.The union representing Canada's autoworkers is "meeting resistance" in ongoing talks with Ford Motor Company, the union's national president said Thursday in an update to members, saying there has been little movement on key issues such as pensions.
If the negotiations don't go in a direction that Fain thinks is positive, we can fully expect a larger strike coming in a week or two." "If the strike lasts longer than three to four weeks, it will be moderately detrimental to GM and Ford's EV strategy in 2024...While the Detroit stalwarts battle with the UAW, there's a bottle of champagne that's being iced at Tesla headquarters.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Hundreds gather at Ford plant in Michigan as auto workers begin historic strikeBy Eric Cox WAYNE, Michigan (Reuters) - Hundreds of people, including auto workers on the night shift and their supporters, gathered at a Ford assembly ...
Lire la suite »
Hundreds gather at Ford plant in Michigan as auto workers begin historic strikeBy Eric Cox WAYNE, Michigan (Reuters) - Hundreds of people, including auto workers on the night shift and their supporters, gathered at a Ford assembly ...
Lire la suite »
UAW Strike: GM in ‘most vulnerable position,’ analyst saysThe United Auto Workers strike deadline against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA), is just over 24 hours away. CFRA Equity Analyst Garret Nelson joins Yahoo Finance Live discusses how the potential strike will impact the automakers and other companies, such as suppliers. Nelson says, “it’s nearly 100% certainty that there is going to be a strike,” but the big question is will “the UAW strike one company, would they strike all three, or specific plants? And the latest chatter is that they’re likely to strike specific plants.” Nelson notes that “General Motors is in the most vulnerable position... because of their inventory.” Nelson explains how GM has reportedly “made the most generous offer” recently and seems “to be making more concessions” compared to Ford or Stellantis because GM’s inventories are “much lower across their four major brands, Chevy, Cadillac, Buick, and GMC, than the inventories of any of the Ford or Stellantis brands.” Nelson adds that Magna International (MGA) and Lear Corporation (LEA) are “most at risk” from a strike because of their degree of exposure to the Big Three. Whereas, Tesla (TSLA) would be “the big winner” from a UAW strike.
Lire la suite »
What's at stake as 13,000 workers go on strike at major US auto makersDETROIT (AP) — About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn't reach a deal with Detroit's automakers. The United Auto Workers union is seeking big raises and better benefits from General Motors, Ford and Stellantis. They want to get back concessions that the workers made years ago, when the companies were in financial trouble. A small percentage of the union’s 146,000 members walked off the job at a GM assembly plant in Wentzville
Lire la suite »
What's at stake as 13,000 workers go on strike at major U.S. auto makersAbout 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn't reach a deal with Detroit's automakers. The United Auto Workers union is seeking big raises and better benefits from General Motors, Ford and Stellantis.
Lire la suite »
UAW strike expected to take a toll on U.S. GDPAuto workers ready themselves for a potential strike against major automakers, hitting their employers' where it hurts in their profit margins and halting production. But the Big Three car manufacturers aren't the only ones who could be hurt by this. Yahoo Finance Markets Reporter Josh Schafer breaks down how the United Auto Workers union's (UAW) organized strike against Ford (F), General Motors (GM), and Stellantis (STLA) could impact U.S. GDP growth, taking into account trends in used car prices and this week's August inflation print.
Lire la suite »