Four weeks after starting limited strikes against three large automakers, the United Automobile Workers is shifting to a more aggressive strategy, suggesting that work stoppages could spread to more plants and possibly go on for some time. In an online video, the union’s president, Shawn Fain, said on Friday that he would no longer wait… Continue reading U.A.W. Says Auto Strikes Will Become More Unpredictable
Tag: FCA
What to make of the UAW’s shifting strike tactics after the latest escalation
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – A shift in strategy by the United Auto Workers union this week has some analysts wondering if the parties are — perhaps, counterintuitively — getting closer to a deal.… Continue reading What to make of the UAW’s shifting strike tactics after the latest escalation
UAW, Detroit Three careen toward another Friday turning point
The UAW has been intensively bargaining this week with Stellantis, including lengthy talks on Thursday. It is in discussions with GM about the parameters of a deal to include battery plant workers under a master labor agreement. United Auto Workers President Shawn Fain is expected to deliver a video address on Friday that could lead… Continue reading UAW, Detroit Three careen toward another Friday turning point
Alfa Romeo electric SUV to crown lineup as BMW iX rival
Alfa Romeo will in 2027 launch a large electric SUV, pitched against the BMW iX, the Lotus Eletre, the next-generation Porsche Cayenne and a promised new model from Alpine. Occupying the E-segment, it will follow a replacement for the Stelvio SUV in the class below, Alfa Romeo CEO Jean-Philippe Imparato told Autocar. It will be “higher” than… Continue reading Alfa Romeo electric SUV to crown lineup as BMW iX rival
@FCA: Stellantis Spotlight Wraps the Week
October 13, 2023 , Auburn Hills, Mich. – “Stellantis Spotlight” is a weekly recap of some of the major stories at Stellantis. The top stories for the week ending October 13, 2023, include the announcement of a second battery manufacturing facility in the U.S. with Samsung SDI, the Jeep® brand launches a short film in honor… Continue reading @FCA: Stellantis Spotlight Wraps the Week
UAW, Detroit Three careen toward another Friday turning point
[1/4]A United Auto Workers (UAW) union member wears a pin while picketing outside Ford’s Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett Acquire Licensing Rights DETROIT, Oct 13 (Reuters) – United Auto Workers President Shawn Fain is expected to deliver a video address on Friday that could… Continue reading UAW, Detroit Three careen toward another Friday turning point
Ford says it is ‘at the limit’ with UAW contract offer
About 4,600 Ford workers could be idled because their jobs depend on production of Super Duty pickups and large Lincoln and Ford SUVs at Kentucky Truck, said Ford manufacturing vice president Bryce Currie. A senior Ford executive said Thursday the automaker is “at the limit” of what it can spend on higher wages and benefits… Continue reading Ford says it is ‘at the limit’ with UAW contract offer
SBF’s Magic Hair and Other Big Moments From the FTX Trial
During cross-examination, defense attorney Mark Cohen continually tried to stress that Alameda’s total net value assets were the same across the alternatives, and Ellison kept responding that, yes, but the balance sheets were still misleading. Things Sam Is Freaking Out About According to Ellison’s “things Sam is freaking out about” document, Bankman-Fried was stressed about… Continue reading SBF’s Magic Hair and Other Big Moments From the FTX Trial
Ford Says It Won’t Raise Its Contract Offer to U.A.W.
Ford Motor said on Thursday that it could not improve its contract offer to the United Automobile Workers union without hurting its business and its ability to invest in electric vehicles. The automaker also said the union’s decision to expand its strike to Ford’s largest factory, the Kentucky Truck Plant, would probably hurt workers at… Continue reading Ford Says It Won’t Raise Its Contract Offer to U.A.W.
Cramer urges investors to stick with Ford, even as latest strike risks denting profits
The United Auto Workers’ unexpected strike at Ford Motor’s (F) biggest factory could result in a major blow to the automaker’s profitability if the facility remains shut down for a prolonged period. Still, this is not a time to drop Ford, as we expect an eventual agreement between the union and the Big Three Detroit… Continue reading Cramer urges investors to stick with Ford, even as latest strike risks denting profits