Former President Donald Trump speaks during an interview with NBC News’ Kristen Welker, Sept. 14, 2023. Meet the Press | NBCU WASHINGTON — Former President Donald Trump warned that U.S. autoworkers’ jobs will move to China and accused the United Auto Workers’ leadership of failing its members, thousands of whom went on strike Friday against General Motors,… Continue reading Trump criticizes UAW leadership amid strike, warns autoworkers’ jobs are moving to China
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Biden says record profits should ensure record contracts as UAW strikes Ford, GM and Stellantis plants
watch now WASHINGTON — President Joe Biden said Friday that workers should be fairly compensated as auto companies make record profits, after the United Auto Workers union began a strike against General Motors, Ford Motor and Stellantis. “The companies have made some significant offers,” Biden said in a speech at the White House. “But I believe they should go… Continue reading Biden says record profits should ensure record contracts as UAW strikes Ford, GM and Stellantis plants
GM sweetens UAW offer to include 20% wage increase, other benefits as it tries to avoid strike
General Motors CEO Mary Barra talks with reporters following a meeting with lawmakers from Michigan and Ohio at the U.S. Capitol June 05, 2019 in Washington, DC. Chip Somodevilla | Getty Images DETROIT – General Motors is attempting to avoid a looming strike by the United Auto Workers union through a new offer Thursday that… Continue reading GM sweetens UAW offer to include 20% wage increase, other benefits as it tries to avoid strike
Everything you need to know about UAW’s targeted strike plans – and possible lockouts
United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union is preparing to conduct unprecedented, targeted strikes against Ford, General Motors and Stellantis if… Continue reading Everything you need to know about UAW’s targeted strike plans – and possible lockouts
More companies, especially airlines, warn higher costs will eat into profits
An American Airlines 787 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC More companies are warning that a surge in the cost of fuel and employee pay hikes will eat into profits this quarter. Companies from aerospace manufacturers to package delivery giant UPS are digesting big new labor deals. Meanwhile, unions from the… Continue reading More companies, especially airlines, warn higher costs will eat into profits
‘Blatantly protectionist’: China sharply rebukes EU probe on Chinese EV subsidies
Employees work on the assembly line of C11 electric SUV at a factory of Chinese EV startup Leapmotor on April 26, 2023 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty Images China has accused the European Union of “blatant protectionism” after its executive arm unexpectedly launched an “anti-subsidy” investigation into… Continue reading ‘Blatantly protectionist’: China sharply rebukes EU probe on Chinese EV subsidies
Ford CEO rebuffs UAW leader’s criticisms as strike deadline on Thursday approaches
Ford CEO Jim Farley speaks with media after revealing the 2024 Ford F-150 for the Detroit auto show on Sept. 12, 2023. Michael Wayland / CNBC DETROIT – Ford Motor CEO Jim Farley rebuffed comments by United Auto Workers President Shawn Fain that the company is not taking bargaining seriously ahead of a Thursday night… Continue reading Ford CEO rebuffs UAW leader’s criticisms as strike deadline on Thursday approaches
Here’s every major reveal from the Detroit Auto Show
DETROIT — Even as the ongoing negotiations between the three Detroit automakers and the United Auto Workers labor union overshadowed all else in the industry, some companies used this year’s edition of the Detroit Auto Show to show off new and revamped models on Wednesday. The discussions around a new four-year contract have been tense,… Continue reading Here’s every major reveal from the Detroit Auto Show
The latest inflation uptick means the Fed will likely raise interest rates one more time
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Equities gain Knives out on Oracle A bold move on Ford 1. Equities gain, despite inflation uptick Stocks edged up in midmorning trading Wednesday — the S & P 500… Continue reading The latest inflation uptick means the Fed will likely raise interest rates one more time
Jim Cramer says ‘watch Ford as a barometer’ of potential United Auto Workers strike risk
Ford Motor‘s (F) stock may offer clues into Wall Street’s current attitude toward potential strikes by the United Auto Workers union, CNBC’s Jim Cramer said Wednesday. The UAW has been negotiating new contracts for its 146,000 members with the three Detroit automakers — Ford, General Motors (GM) and Jeep-owner Stellantis (STLA). The current contract expires Thursday at 11:59… Continue reading Jim Cramer says ‘watch Ford as a barometer’ of potential United Auto Workers strike risk