GM (GM) Now Offering 20% Raise Increase To UAW Over Life Of Contract - Bloomberg
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Detroit 3 fall as UAW begins strike
September 15, 2023 8:44 AM EDTThe stock prices of Detroit automakers General Motors (NYSE: GM) and Ford (NYSE: F) have declined in pre-market trading Friday, while Stellantis (NYSE: STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.
Before the September 14th deadline at 11:59 pm ET, negotiations between the UAW and the management teams of Ford, General Motors, and Stellantis failed to reach an agreement on... More
Biden considers aid for small suppliers as UAW strike seems likely
September 14, 2023 2:53 PM EDTAccording to a report from Reuters on Thursday, citing a source with knowledge of the matter, suggests that the Biden administration is considering emergency aid to safeguard smaller businesses supplying U.S. automobile manufacturers in the event of a strike by the United Auto Workers (UAW) union.
For several months now, the UAW has been engaged in intense negotiations with Detroits Big Three: Stellantis (NYSE: STLA), Ford (NYSE: F), and... More
