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The Latest Breaking News from UAW

September is usually a ‘rotten month for stocks.’ Here are 7 things top analyst Ed Yardeni believes could go wrong this time

Since 1945, the S&P 500 has dropped 0.73% on average in September compared with a 0.7% gain for the index across all months over the same period.

Fortune

A UAW strike at Detroit’s Big 3 could be a ‘nightmare scenario’ for Ford and GM, top analyst Dan Ives warns

“The timing could not be worse,” the Wedbush Securities analyst wrote about what he considers a “very likely” work stoppage.

Fortune

UAW chief: Union to strike any Detroit automaker that hasn't reached deal as contracts end next week

The head of the United Auto Workers warned that the union plans to go on strike against any Detroit automaker that hasn’t reached a new agreement by the time contracts expire next week

The Independent UK

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UAW’s clash with Detroit Three automakers shows off a more confrontational union as strike deadline looms

The United Auto Workers current contract with Ford, GM and Stellantis ends Sept. 14. Workers on Labor Day say the gulf between union demands and the automakers’ position mean a strike is likely.

Chicago Sun-Times

Biden trolls ‘the last guy’ Trump over jobs, China and pensions in Labor Day speech

‘When the last guy was here, he looked at the world from Park Avenue. I look at it from Scranton, Pennsylvania. I look at it from Claymont, Delaware,’ the president says in the City of Brotherly Love

The Independent UK

4 things to know on Labor Day — from the Hot Labor Summer to the Hollywood strikes

Organized labor has scored some big victories this year, including new contracts at UPS. Can the winning streak continue?

WEKU

UAW's clash with Big 3 automakers shows off a more confrontational union as strike deadline looms

A 46% pay raise

The Independent UK

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At the Races: Labor Day blues - Roll Call

The CQ Roll Call newsroom tracks campaigns nationwide, sharing the best stories, with some extras, in the At the Races newsletter.

Roll Call

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

UAW Union Negotiates Pay Increase Deal For Ultium Battery Workers

The UAW's negotiations led to a preliminary deal with Ultium Cells, LLC, which would increase starting wages from $16.50 an hour to over $20.

InsideEVs

‘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

The Guardian - US

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.

Fortune

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.

Barchart

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

The Guardian - US

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Kiplinger

Labor Unions Not Backing Down as Strikes Loom: Kiplinger Economic Forecasts

Labor unions like the Teamsters and United Auto Workers are using leverage and strike threats in negotiations with employers for better pay and benefits.

The Independent UK

Biden says auto workers need "good jobs that can support a family" in union talks with carmakers

President Joe Biden is asking the major U.S. automakers and their workers’ union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles

InsideEVs

Stellantis' Plans To Build $25,000 EV In US Clash With UAW Demands

"Stellantis' business model is broken, and until they fix it, they'll never hit that $25,000 target," UAW President Shawn Fain said in a statement.

Fortune

The auto worker's union is furious at what the parent of Chrysler and Jeep is offering to avoid a strike: ‘Management’s chosen to spit in our faces’

With their labor contract set to expire next month, United Auto Workers president Shawn Fain blasts low-ball offer by literally tossing it in the garbage bin.

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The Conversation

US autoworkers may wage a historic strike against Detroit’s 3 biggest automakers – with wages at EV battery plants a key roadblock to agreement

The United Auto Workers union, which represents nearly 150,000 employees of companies that manufacture U.S.-made vehicles, kicked off in mid-July 2023 the labor negotiations it undergoes every four years with the three main unionized automakers.

Zenger

Nikola’s Abrupt CEO Transition, Carl Icahn Led Icahn Enterprises Cuts Dividend Payout, FDA Rejects Mesoblast’s Cell Therapy For Kids: Today’s Top Stories

Wall Street Journal UAW Demands Significant Wage Increases For Factory Workers At GM, Ford, And Stellantis

The Independent UK

UAW to show list of economic demands to automakers this week, will seek worker pay if plants close

The new president of the United Auto Workers says the union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week

Kiplinger

UPS and UAW Labor Disputes Rage Over Wage Fights: Kiplinger Economic Forecasts

United Auto Workers are at a standstill in negotiations with the Big Three automakers, and UPS has narrowly avoided a Teamsters strike, for now.

The Guardian - US

‘It feels like it’s strike summer’: US unions flex muscles across industries

Labor is increasingly militant after years of inaction, energized by star power from the actors’ and writers’ strikes

WEKU

Autoworker union not giving Biden an easy ride in 2024 as contract talks pick up speed

The new UAW president says his members are being left out as the industry transitions to electric vehicles so he's applying pressure on the auto companies and the White House to do more for workers.

The Independent UK

Threat or not? Elon Musk gets new hearing on tweet about Tesla workers' stock amid UAW union effort

A federal appeals court will reconsider its March ruling that Tesla CEO Elon Musk unlawfully threatened employees with a loss of stock options in a 2018 Twitter post

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