Lana Payne speaks to delegates after being elected as president of UNIFOR, Canada’s largest private sector union, at the Metro Toronto Convention Centre on Aug. 10, 2022. Richard Lautens | Toronto Star | Getty Images DETROIT — Labor strikes are now an international issue for General Motors after the Detroit automaker failed to reach a… Continue reading Canadian autoworkers strike against General Motors, joining UAW
Author: CNBC Online news
Israel-Hamas war causes oil prices to spike. Here’s what drivers in the U.S. need to know
Drivers fill up at a Shell gas station in Alhambra, California, on Oct. 2, 2023. Frederic J. Brown | Afp | Getty Images Oil prices jumped more than 3% after members of the militant group Hamas launched a surprise attack on Israel from the Gaza Strip last weekend. However, neither Gaza nor Israel produce much… Continue reading Israel-Hamas war causes oil prices to spike. Here’s what drivers in the U.S. need to know
Tesla’s China EV sales fall 11%
The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, in China, on Sept. 26, 2023. Costfoto | Nurphoto | Getty Images Tesla stock was down about 2% Monday morning but recovered later in the day as the rest of the market rallied. Shares took a small hit after… Continue reading Tesla’s China EV sales fall 11%
UAW Mack Trucks union members to join striking Detroit autoworkers on picket lines after voting down tentative deal
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty Images DETROIT – About 3,900 United Auto Workers members with Mack Trucks will go on strike Monday after a majority of members… Continue reading UAW Mack Trucks union members to join striking Detroit autoworkers on picket lines after voting down tentative deal
Here’s how New York City is planning to spend $15 billion raised from a new congestion pricing toll
New York City is months away from introducing the first zone-based tolling program in the U.S. The project, which begins in the spring of 2024, will increase the tolls drivers pay to enter points of Manhattan south of 60th street. The final price of the toll is not yet determined. People close to the process… Continue reading Here’s how New York City is planning to spend $15 billion raised from a new congestion pricing toll
UAW Mack Trucks deal could be a test for worker demands amid Detroit automaker negotiations
Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, on Sept. 29, 2023. Rebecca Cook | Reuters DETROIT — United Auto Workers members with Volvo Group-owned Mack Trucks will vote this weekend on a tentative agreement that falls significantly short of what the union is demanding in… Continue reading UAW Mack Trucks deal could be a test for worker demands amid Detroit automaker negotiations
UAW will not expand strikes at Detroit automakers after last-minute GM proposal
UAW President Shawn Fain on Oct. 6, 2023 during an online broadcast updating union members on negotiations with the Detroit automakers. Screenshot DETROIT – The United Auto Workers will not expand strikes against the Detroit automakers this week amid progress in the talks, including General Motors agreeing to include battery cell workers under the company’s… Continue reading UAW will not expand strikes at Detroit automakers after last-minute GM proposal
Tesla cuts Model 3 and Model Y prices in the U.S. after car deliveries fall
A Tesla dealership in Colma, California, U.S., on Wednesday, Jan. 26, 2022. David Paul Morris | Bloomberg | Getty Images Tesla cut the price of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market expectations. The starting price for the Model 3 is listed at… Continue reading Tesla cuts Model 3 and Model Y prices in the U.S. after car deliveries fall
Hyundai and Kia to adopt Tesla’s EV charging tech next year
TESLA logo on a charging station on May 26, 2023. Harry Langer | Defodi Images | Getty Images Hyundai Motor and Kia announced Thursday they will soon adopt Tesla’s electric vehicle charging system, beginning in the fourth quarter of 2024 in the United States. Hyundai and Kia join others like Ford and General Motors to… Continue reading Hyundai and Kia to adopt Tesla’s EV charging tech next year
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’ stock price fell below $30 a share during intraday trading Thursday for the first time in more than three years amid ongoing strikes by the United Auto… Continue reading GM’s stock hits three-year low amid UAW strike, potential air bag recall