The United Auto Workers union and the three Detroit automakers have less than two weeks to negotiate a new labor contract, and a strike of some sort seems increasingly likely. The union’s president, Shawn Fain, has primed rank-and-file members to be prepared to walk off the job if the union’s long list of demands for… Continue reading Auto Strike Looms, Threatening to Shut Detroit’s Big 3
Category: US Motoring Press
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
UAW will strike against Detroit automakers if deals aren’t reached by Thursday, union boss says
watch now The United Auto Workers union will strike against the Detroit automakers if the sides don’t reach labor deals by an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday on CNBC’s “Squawk Box.” Fain’s comments came the morning after he outlined plans to local union leaders about implementing targeted strikes at… Continue reading UAW will strike against Detroit automakers if deals aren’t reached by Thursday, union boss says
European Union launches anti-subsidy probe into Chinese EVs
China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group | Getty Images The European Commission, the executive arm of the European Union, on Wednesday launched an investigation into subsidies given to electric vehicle makers… Continue reading European Union launches anti-subsidy probe into Chinese EVs
House plans Thursday vote to ban limits on gas-powered vehicle sales
The U.S. House is set to vote Thursday on a bill that would bar states from limiting the sale of gas powered vehicles. The GOP-led bill has little chance of becoming law, as the White House says President Joe Biden “strongly opposes” it. But it reflects growing divisions over electric vehicle policy at the federal… Continue reading House plans Thursday vote to ban limits on gas-powered vehicle sales
The 2024 GMC Acadia
The new 2024 Acadia will be built in Michigan at the Lansing Delta assembly Go to Source
Day One of an auto strike to feature rally with Sanders, but no Charity Preview picket
Detroit — As an auto strike appears ever more likely, the United Auto Workers’ protest plans do not include a presence at the North American International Auto Show’s swanky Charity Preview — but they do include a rally with a high-profile politician downtown on Friday. The only event the international UAW has on the books… Continue reading Day One of an auto strike to feature rally with Sanders, but no Charity Preview picket
Why Europe is pushing back against Chinese EV blitz
This content is only available to subscribers. Get unlimited digital access. $1 for 6 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from Chad Livengood,… Continue reading Why Europe is pushing back against Chinese EV blitz