General Motors (GM) option IV near low end of range amid union contract headlines

Stellantis (STLA) offers 14.5% wage increase to UAW's hourly workers

Chrysler-Dodge parent Stellantis (NYSE: STLA) revealed Friday that the Detroit automaker has proposed a 14.5% wage increase over a four-year period to U.S. hourly workers as part of its offer to the United Auto Workers (UAW) union, just prior to the contract's September 14 expiration date.

The proposed wage increase falls significantly short of the union's demand for a 46% salary raise. The UAW has declared that 97% of its... More

Wells Fargo sees looming risk for Detroit 3; 'The strike will be temporary, but the labor concessions are permanent'

Wells Fargo remains underweight on Ford (NYSE: F) and General Motors (NYSE: GM) as they continue to see significant risks for the OEMs heading into the expiring UAW contract, which expires on September 14th.

We expect a D3-wide strategic or "bottleneck" strike vs. national strike. This would shut down most D3 production without drawing on the strike fund. Writes analyst, Colin Langan

The strike will be temporary, but the labor concessions are permanent. He added.

Wells Fargo's primary scenario anticipates a strike lasting approximately 45 days involving... More

UAW president calls GM counteroffer 'insulting'

General Motors (NYSE: GM), Thursday, presented a counteroffer to the United Auto Workers (UAW) union, aiming to prevent an expensive strike. However, the President of the United Auto Workers, Shawn Fain, called the proposal "insulting."

GM mentioned that they put forward an offer to the union ahead of the September 14 contract deadline, offering workers a 10% pay raise and two extra annual lump sum payments of 3% each over four years.

Fain, who represents 146,000 workers, said GM's offer was "an insulting proposal that doesnt come close to an equitable agreement for Americas... More

UAW issues counteroffer to Ford (F); awaits Stellantis (STLA) offer later this week

On Wednesday, the United Auto Workers (UAW) union presented their own counterproposal on money matters for Ford Motor (NYSE: F). Meanwhile, Stellantis (NYSE: STLA), the parent company of Chrysler, is getting ready to share their counteroffer later this week.

As the current four-year labor agreements covering 146,000 workers at the Detroit Three automakers are set to expire on September 14, discussions are becoming increasingly... More

UAW to send counteroffer to Ford (F)

According to an undisclosed insider cited by Reuters Wednesday, the United Auto Workers union intends to present a counterproposal concerning economic matters in their labor contract negotiations with Ford Motor (NYSE: F).

Last week, Ford announced that it had extended an offer of a... More

CFRA warns of potential for 'lengthy UAW strike'

As the UAW contract deadline approaches, CFRA is warning investors to prepare for a potentially lengthy UAW strike.

Given the impending expiration of the four-year labor agreement, which covers around 150,000 UAW members, on September 14th at midnight, and considering the substantial differences between the two parties in wage negotiations and various other matters, coupled with the UAW's overwhelming approval of strike authorization (with a 97 percent vote, as widely anticipated), CFRA believes that the likelihood of a strike is extremely high. In fact, they are of the opinion that the strike could potentially endure... More