President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM’s Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023. Evelyn Hockstein | Reuters DETROIT — A tentative deal Monday between the United Auto Workers and General… Continue reading Winners and losers of the UAW talks with GM, Ford and Stellantis
Author: CNBC Online news
CNBC Daily Open: Market bounce may not last
Traders work on the floor of the New York Stock Exchange (NYSE) on October 30, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to… Continue reading CNBC Daily Open: Market bounce may not last
CNBC Daily Open: Markets’ bounce may be short-lived
Traders work on the floor of the New York Stock Exchange (NYSE) on October 30, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to… Continue reading CNBC Daily Open: Markets’ bounce may be short-lived
We’re not ready to bail on Ford after the UAW deal. But we have lots of questions
New details of Ford ‘s (F) deal to end the United Auto Workers strike were revealed over the weekend. But how this record 4½-year labor contract will impact the company’s finances remains uncertain, and It represents yet another headwind for the Club holding following last week’s underwhelming third-quarter earnings. The UAW on Sunday released parts… Continue reading We’re not ready to bail on Ford after the UAW deal. But we have lots of questions
Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report
Elon Musk, CEO of SpaceX and Tesla, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Shares in electric vehicle maker Tesla declined nearly 5% on Monday following news that Panasonic, a longtime… Continue reading Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report
GM reaches tentative deal with UAW, ending strikes at Detroit automakers after six weeks
watch now DETROIT — The United Auto Workers and General Motors have agreed to a deal that will put an end to bargaining between the union and Detroit automakers following more than six weeks of targeted U.S. labor strikes, the sides confirmed hours after sources told CNBC about the deal. GM is the final Detroit automaker… Continue reading GM reaches tentative deal with UAW, ending strikes at Detroit automakers after six weeks
Canadian auto union reaches deal with Stellantis after brief labor strike
Lana Payne celebrates on stage as Unifor, Canada’s largest private-sector union, announce Payne as their new president to replace outgoing leader Jerry Dias in Toronto, Ontario, Canada, Aug. 10, 2022. Cole Burston | Reuters DETROIT — Canadian union Unifor and Stellantis have reached a tentative agreement early Monday morning, ending a brief strike that began… Continue reading Canadian auto union reaches deal with Stellantis after brief labor strike
UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford Motor that includes $8.1 billion in new plant investments by the company, $5,000… Continue reading UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses
UAW expected to announce tentative agreement with Stellantis to end labor strike
United Auto Workers members rally outside Stellantis’ Ram 1500 plant in Sterling Heights, Mich. after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT — Negotiators with the United Auto Workers union and Stellantis have in principle agreed to the terms of a tentative deal following roughly six… Continue reading UAW expected to announce tentative agreement with Stellantis to end labor strike
GM, UAW may be nearing a labor deal after marathon negotiating session
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday Friday after intense talks occurred Thursday night and into the morning, according to sources familiar… Continue reading GM, UAW may be nearing a labor deal after marathon negotiating session