Weekly Report (August 4-10, 2023) on the Second Tranche of Stellantis Share Buyback Program

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Go back to Weekly Report (August 4-10, 2023) on the Second Tranche of Stellantis Share Buyback Program

UAW to hold a vote authorizing a strike as talks continue at slow pace

August 15, 2023 2:01 PM EDT

Union President Shawn Fain released a statement Tuesday indicating that negotiations with Detroit automakers continues to move at a snails pace and have yet to even address the issues surrounding wages and other economic issues.

The United Auto Workers union (UAW) boasts a membership of approximately 146,000 members who will vote next week on authorizing their leaders to call strikes against the Big Three. The unions contracts with General Motors (NYSE: GM), Ford (NYSE: F) and... More

Biden calls on automakers and union to come together on 'a fair agreement'

August 14, 2023 1:52 PM EDT

With just a month remaining until the expiration of contracts, Detroits Big Three and the United Auto Workers (UAW) union are still at odds, struggling to reach a mutual understanding. On Monday, U.S. President Joe Biden urged both the automotive union and the corporations they are associated with to come together on an agreement soon.

"Im asking all sides to work together to forge a fair agreement," Biden... More