United Auto Workers members have overwhelmingly authorized a strike against General Motors, Ford Motor, and Stellantis during ongoing contract negotiations, with an average of 97% of members supporting the action, although the final votes are still being counted.
The demands of the United Auto Workers (UAW) union, including higher pay, shorter work hours, and the restoration of pensions, could lead to a strike against General Motors, Stellantis, and Ford as the automakers refuse to meet these demands, potentially raising already-inflated vehicle prices.
GM, Ford, and Tesla are expected to face rising labor costs, whether or not a strike occurs as the United Auto Workers' labor deal with the Detroit-Three automakers nears its expiration.
Stellantis has offered its hourly workers represented by the United Auto Workers (UAW) significant wage increases in an attempt to avoid a costly strike, with the offer including a 14.5% wage increase over four years and a 27% boost for newer employees, while negotiations continue before the current contracts expire on Thursday.
Approximately 146,000 U.S. auto workers are poised to go on strike if General Motors, Ford, and Stellantis fail to meet their demands for substantial pay raises and restored benefits, potentially causing significant disruptions in auto production and impacting the U.S. economy.
A potential strike by the United Auto Workers union against Ford, GM, and Stellantis could cost the economy $5.6 billion and impact Biden's chances in the election, as it may drive up inflation and push Michigan into a recession.
Car dealerships are preparing for potential strikes by the United Auto Workers against Ford, General Motors, and Stellantis, which could lead to inventory shortages and higher prices for both new and used cars.
Investors shouldn't be worried about the impact of the strikes by United Auto Workers on Ford, GM, and Stellantis, as the lack of a significant reaction in stock prices suggests that the strikes have not been priced in and the market doesn't expect them to have a lasting impact on the economy.
Automotive plants affected by the United Auto Workers strike could potentially lose production of up to 25,000 vehicles, with the most severe potential losses expected at the Stellantis plant in Toledo, Ohio, and GM's Wentzville Plant in Missouri.
The United Auto Workers' strike has led to temporary layoffs for 600 workers at Ford's Michigan plant and is expected to affect 2,000 workers at General Motors' Kansas plant, with no compensation provided by the companies.
A strike from the UAW against GM, Ford, and Stellantis may lead to higher car prices and limited availability for certain models, impacting consumers and dealerships.
Stellantis is laying off 68 workers at its Ohio plant due to the United Auto Workers' strike, and anticipates more layoffs at other facilities, as talks between the union and automakers have not resulted in significant breakthroughs.
General Motors has laid off most of the unionized workers at its Kansas assembly plant due to the ongoing UAW strikes, which is the largest ripple effect of the strikes so far; however, the strike's impact on the auto industry is currently smaller than expected due to the UAW's novel strategy of targeted plant strikes.
The United Auto Workers' targeted strikes have a limited current impact on the U.S. economy, but the possibility of a full walkout could have significant economic costs for auto giants Ford, General Motors, and Stellantis.
GM and Ford stocks drop as the United Auto Workers' strike threat continues.
The ongoing United Auto Workers strike against the Big Three automakers could result in gains for Tesla and foreign automakers as Ford, GM, and Stellantis face challenges in transitioning to electric vehicles and potentially raising prices, according to Wedbush analysts.
The United Auto Workers union is expanding its strike against major automakers by walking out of 38 General Motors and Stellantis plants in 20 states, citing demands for higher wages and shorter working hours.
The United Auto Workers' strike against GM and Stellantis expands as thousands of workers walk off the job at distribution centers, demanding better wages and job security.
US autoworkers are striking against General Motors, Ford, and Stellantis (formerly Chrysler) to fight for fair wages and benefits, as well as taking on the power of the billionaire class represented by Stellantis chairman John Elkann and his wealthy family dynasty.
General Motors and Stellantis have announced layoffs attributed to damage from the United Auto Workers strike, with tensions rising as the union prepares for potential new walkouts.
The United Auto Workers' decision to strike midsize SUV plants at General Motors and Ford instead of targeting the plants that produce highly profitable pickups and large SUVs helped contain the damage to the auto parts suppliers, with Stellantis' last-minute intervention likely saving thousands of jobs in Michigan.
The ongoing strike by the United Auto Workers against Ford, General Motors, and Stellantis has cost the U.S. economy nearly $4 billion in total losses, with workers, automakers, dealers, customers, and suppliers experiencing significant financial impacts.
Despite the ongoing strike by the United Auto Workers union, General Motors reported a significant increase in third-quarter U.S. new vehicle sales, outpacing industry expectations, but potential sales and supply chain issues may arise if the strike continues or expands.
Approximately 400 Ford employees are being temporarily laid off due to the United Auto Workers' strike, bringing Ford's total layoffs to around 1,330, while General Motors estimates that the strike has cost them $200 million.
Michigan businesses are experiencing low sales as the United Auto Workers strike against Ford, General Motors, and Stellantis enters its third week, potentially pushing the state towards a recession similar to that of COVID-19 if the strike is not resolved soon.
The United Auto Workers union has announced that Ford, General Motors, and Stellantis are likely to avoid an expansion of the ongoing strikes, as significant progress has been made in negotiations with GM regarding the future of auto jobs and the transition to electric vehicles.
Chrysler-parent Stellantis is laying off 570 workers and General Motors is cutting nearly 200 employees due to the ongoing United Auto Workers strike.
The UAW strike against General Motors and Ford Motor Co. has led to layoffs at automotive parts supplier Sodecia Automotive Detroit, as well as at GM's Toledo Propulsion Systems, Lansing Regional Stamping, and Marion Metal Center facilities, and Ford's Livonia Transmission Plant, impacting a total of about 2,300 employees.
Jeep maker Stellantis has laid off over 500 workers at its Trenton Engine Complex in response to the United Auto Workers' strike at its Wrangler and Gladiator plant, contributing to the total of 2,230 layoffs caused by the strike across various automakers in Detroit; losses from the strike have reached a record-setting $5.5 billion.
Ford, General Motors, and Stellantis have laid off a total of over 4,800 employees as the United Auto Workers strike against Detroit's Big Three automakers continues into its fourth week.
The United Auto Workers strike continues into its fourth week, leading to layoffs of hundreds of factory workers at General Motors, Ford, and Stellantis plants, with a combined total of around 4,835 strike-related layoffs by the Big Three automakers.
The United Auto Workers' strike at Ford's Kentucky Truck plant is increasing pressure on Stellantis and General Motors as contract negotiations continue, potentially signaling the endgame of coordinated walkouts at the Detroit Three.
The United Auto Workers (UAW) has expanded its strike by calling 8,700 workers at Ford Motor Co.'s Kentucky Truck Plant to join the picket lines, increasing the total number of striking Detroit Three autoworkers to 34,000 and halting production at Ford's largest and most profitable plant, further impacting production at other Ford plants and suppliers, in an effort to gain a fair contract at Ford and the rest of the Big Three.
The United Auto Workers union is not planning any additional walkouts against Ford, General Motors, and Stellantis, but has changed its strategy and can send workers out at any time, according to UAW President Shawn Fain.
The United Auto Workers strike against Ford, General Motors, and Stellantis has reached its one-month mark, and the union's president warns that further walkouts could happen at any time as they enter a "new phase" of the strike.
Thousands of United Auto Workers Union members are in their fifth week of striking against the Detroit Three automakers, with 8,700 workers at Ford's largest plant walking off the job and risking the company losing approximately $30 million per day in profit.
