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The Latest Breaking News from General Motors

Why the United Auto Workers union is poised to strike major US car makers this week

About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial trouble

The Independent UK

Ohio’s working class felt deserted by Democrats. Can Biden win them back?

The state voted twice for Trump but although many in the party admit they got things wrong not everyone agrees on what

The Guardian - US

Auto union rejects wage offers from Detroit companies with strike deadline 6 days away

The United Auto Workers union has rejected wage and benefit offers from all three Detroit automakers, raising tensions just six days before a strike deadline for 146,000 employees

The Independent UK

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3 Top Self-Driving Car Stocks That Aren't Tesla

Self-driving autos are gaining traction, and several companies are testing their robotaxi fleets. From one old-school automaker to a specialized AI chip giant, here are three prime stocks to play the autonomous driving industry.

Barchart

UAW President Slams Ford, GM, Stellantis For Delay Tactics In Contract Talks, Raises Political Implications: ‘Our Members Are Fired Up’

The United Auto Workers (UAW) is currently engaged in high-stakes contract negotiations with Detroit’s major automakers, Ford Motor Co (NYSE:F) and Stellantis (NYSE:STLA)

Zenger

Why auto workers are asking for a 46% pay raise

Bold union demands, bolstered by a tight labor market and frustration throughout the COVID-19 pandemic, are paying off in some sectors with significant raises for workers.

WEKU

Andretti Autosport rebrands entire operation to Andretti Global

The company, which is owned by former racing star Michael Andretti and Dan Towriss, the CEO and president of financial services company Group 1001, is making the move as it bids to join the Formula 1 grid in future in partnership with General Motors.

Autosport

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Auto workers leader slams companies for slow bargaining, files labor complaint with government

The United Auto Workers union says it has filed unfair labor practice complaints against Stellantis and General Motors for failing to make counteroffers to the union’s economic demands

The Independent UK

United Auto Workers strike – if it happens – should channel the legacy of Walter Reuther, who led the union at the peak of its power

The United Auto Workers are engaged in high-stakes labor negotiations that could lead to the union’s first simultaneous strike against all of Detroit’s Big Three automakers: General Motors, Ford and Stellantis, the company that owns Chrysler.

The Conversation

Aborted GMC Jimmy Revival Had V8 Power: Report

It was slated to be a competitor for the Bronco and Wrangler but never reached the production lines.

Motor1

Waves of strikes rippling across the US seem big, but the total number of Americans walking off the job remains historically low

More than 323,000 workers – including nurses, actors, screenwriters, hotel cleaners and restaurant servers – walked off their jobs during the first eight months of 2023. Hundreds of thousands of the employees of delivery giant UPS would have gone on strike, too, had they not reached a last-minute agreement. And…

The Conversation

UPDATE: Dangerous Chemical Spill Investigated At GM's Ultium Cells Plant

A slurry containing battery materials and a hazardous solvent leaked over the weekend, but Ultium Cells said no employees were exposed or injured in the spill.

InsideEVs

Hertz To Add Cadillac Lyriq And Chevrolet Silverado EV To Fleet Soon

A video featuring Hertz CEO Stephen Scherr and GM CEO Mary Barra reveals that the rental company expects to receive the first Silverado EV trucks in 2023-2024.

InsideEVs

2024 GMC Hummer EV Pickup Price Increased By Up To $1,600

In the grand scheme of things, the price increases amount to less than 2 percent in the case of the EV2X and just 0.02 percent for the Omega Edition.

InsideEVs

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The Guardian - US

‘We are burned out’: UAW ready to take on automakers in contract negotiations

Amid record profits, workers want to roll back concessions made to auto industry after the 2008 economic recession

Motor1

GM To Cut 200 Engineering Positions Amidst Strategic Evolution

The automaker is targeting $2 billion in cost reduction.

The Independent UK

GM's Cruise autonomous vehicle unit agrees to cut fleet in half after 2 crashes in San Francisco

General Motors’ Cruise autonomous vehicle unit has agreed to cut its fleet of San Francisco robotaxis in half as authorities investigate two recent crashes in the city

InsideEVs

Honda And Acura To Follow GM And Adopt Tesla's NACS

Honda and its luxury Acura brand will adopt the Tesla's North American Charging Standard (NACS) charging connector in North America.

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Fortune

U.S car industry would lose $5.5 billion if workers strike, report says. So far, negotiations have been rife with ‘theatrics and personal insults’

A walkout could cost carmakers almost a billion dollars over a week and a half, while workers could lose $860 million in pay.

Barchart

Warren Buffett Sells GM Stock: Here's Why You Should Buy Instead

Warren Buffett's firm unloaded nearly half of its remaining General Motors stake in Q2 - but given the tepid valuations, GM looks like a good buy at these prices.

InsideEVs

General Motors Pours Millions Into California Battery Start-Up Mitra Chem

General Motors and Mitra Chem join forces to develop advanced iron-based cathode battery materials for future EVs.

Barchart

VinFast Stock Forecast: More Volatility Ahead for New EV Listing

VinFast went public through a SPAC reverse merger, and boasts a market cap in excess of established automakers like Ford and General Motors. I believe that the stock is grossly overvalued at these prices, and is set to extend its recent losses.

Autosport

Corvette names 2024 IMSA drivers as Taylor returns to WTR

Sharing driving duties across the two Pratt Miller Motorsports-run Corvette Z06 GT3.Rs in the GTD Pro class next year will be Nicky Catsburg, Antonio Garcia, Tommy Milner and Alexander Sims, with exact combinations still to be announced.

InsideEVs

VinFast Worth $85 Billion After Going Public, More Than GM, Ford, VW

VinFast stock soared in its debut as a public company on Nasdaq, with its market capitalization exceeding that of GM and Ford as traders flipped VFS shares.

The Guardian - US

Biden’s climate bill leaves workers behind in shift to electric cars, union says

Legislation gives incentives to companies to manufacture EVs without protections for workers, says head of autoworkers union

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