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The Latest Breaking News from UAW

Elon Musk and Tesla poised to benefit from ‘highly likely’ UAW strike against Detroit’s Big 3

Tesla, which has fought off organized labor, faces traditional automakers pushing aggressively into electric vehicles.

Fortune

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

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

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Strike A 'Potential Nightmare' For General Motors, Ford. Union Touts $825 Million War Chest

General Motors, Ford and Stellantis are officially on strike watch as the current contracts with the UAW are set to expire next week.

Investors Business Daily

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

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

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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

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

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

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InsideEVs

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.

The Street

Former Ford CEO warns UAW members its leader is 'playing a dangerous game'

If the union goes on strike, analysts expect the economic losses to exceed $5 billion over the course of just 10 days.

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

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.

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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.

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

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

Investors Business Daily

UAW Strike Threat: Just A 'Side Show' To Bigger Challenges For Detroit's Big Three?

The IBD-tracked auto group has gained 44% in 2023.

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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