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UAW Contract with Detroit Automakers Expires Soon, Strike Likely as Deal Not Reached

  • Labor contract between UAW and Detroit automakers expires Thursday midnight

  • Deal not done yet and Wall Street believes a strike is likely

  • Strike could start soon, though may not hurt GM and Ford stock much

  • UAW wants higher pay to offset inflation, automakers worried about costs

  • Investors should watch automakers and suppliers like American Axle for impact

barrons.com
Relevant topic timeline:
The United Auto Workers (UAW) union has authorized a strike at the Detroit Three automakers if a new labor contract is not reached by September 14, with 97% of voting members at General Motors (GM), Ford Motor, and Stellantis in favor of the authorization.
The United Auto Workers union and three Detroit automakers are facing a looming strike as contract negotiations stall, potentially impacting the U.S. economy and the companies' profits amid the shift to electric vehicles and demands for improved wages and benefits.
The United Auto Workers union representing workers at the Big 3 U.S. automakers is demanding a four-day workweek at full-time pay, a 46% wage increase, and a share of company profits, threatening to strike if an agreement is not reached by September 14.
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.
The United Auto Workers are in negotiations with the "Big Three" U.S. automakers over a new labor contract, with the possibility of a strike looming as talks have been rocky and counteroffers have been rejected.
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.
The United Auto Workers union is ready to go on strike at American automakers if a tentative deal is not reached by Thursday night, with the union demanding significant wage increases and the return of traditional pension plans and retiree healthcare for all members.
Many on Wall Street believe that potential strikes by United Auto Workers against Detroit automakers are manageable and may even present investment opportunities, with some estimating that the companies can handle work stoppages and expected labor cost increases.
The local auto workers' union at Ford's Sharonville transmission plant is preparing for a potential strike as the contract between the United Auto Workers union and the Big Three automakers expires, with picketing instructions issued and workers standing strong behind negotiators.
With the expiration of the UAW labor contract looming, negotiators for the UAW and the Detroit Three automakers have moved to a new location for the final hours of bargaining in an effort to reach an agreement before the contract expires.
Time is running out to prevent a strike that could shut down America's unionized auto assembly plants and other manufacturing facilities as the United Auto Workers contracts are set to expire at 11:59 pm Thursday, potentially leading to targeted strikes against undisclosed facilities at General Motors, Ford, and Stellantis.
The United Auto Workers union is threatening to strike over stalled contract negotiations, with one of their demands being a four-day workweek, working 32 hours for 40 hours of pay, in an effort to improve work-life balance and address long working hours.
The United Auto Workers and Detroit's Big Three automakers are on the verge of a work stoppage that could have significant implications for the industry, the economy, and President Joe Biden's political standing, as negotiations over contracts are set to expire at midnight Thursday.
Auto workers have initiated a series of strikes after failing to reach an agreement with the three largest US manufacturers over a new contract, marking a major industrial labor action and targeting all three Detroit carmakers simultaneously.
Autoworkers strike as United Autoworkers Union demands 36% pay increase over four years, affecting Michigan, Ohio, and Missouri; President Biden to speak on the matter later today.
The United Auto Workers and the Detroit Three carmakers may reach an agreement sooner if they focus on key job provisions, although the union will likely have to accept that a 32-hour workweek for 40 hours of pay is not feasible, according to industry insiders and observers.
Talks between the Detroit Three automakers and the United Auto Workers continue with workers on strike, as President Joe Biden sends a team to help resolve the strike.
The auto workers' strike continues with both sides showing no signs of compromise as the United Auto Workers demand better offers and the Big Three automakers stress the need for sustainability during the industry's transformation.
The Detroit Three automakers and the UAW are racing against the clock to reach new labor agreements before the current strike expands, potentially disrupting production and impacting the US economy.
The United Auto Workers union is set to escalate their strike against the Big Three automakers in an effort to combat stagnant wages and other concessions, with UAW President Shawn Fain expected to announce which plants will join the strike next.
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.
Summary: The United Auto Workers' strike against the Big Three automakers continues, with Ford reaching a deal with Canadian auto workers but no breakthroughs in negotiations with the UAW, as President Joe Biden prepares to visit the picket lines amid concerns over parts and supply shortages.
The United Auto Workers is considering further strikes against Ford, General Motors, and Stellantis as labor negotiations continue to stall.
Tensions rise between Detroit automakers and United Auto Workers as the union threatens to expand strikes amid stalled negotiations and accusations of delays and lack of urgency.
The United Auto Workers union has expanded strikes against Detroit automakers, ordering 7,000 more workers to walk off the job in Illinois and Michigan to increase pressure on the companies to improve their offers.
Ford Motor makes a new offer to United Auto Workers to end strikes, while General Motors temporarily lays off more workers.
Ford has made a new contract offer to the United Auto Workers union, which includes over 20% pay increases, job security, profit-sharing, and improved benefits such as five weeks of vacation per year.
The president of the United Auto Workers urges union members to continue their strike against Detroit carmakers, highlighting the importance of the labor movement and the fight against corporate greed.
The United Auto Workers' negotiator expressed hope for a possible agreement with Stellantis this week as the unprecedented strike against all three Detroit automakers continues on its 24th day.
The United Auto Workers strike continues as workers reject a tentative deal, while Canada's auto union, Unifor, faces difficulties in negotiations with GM.
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 union escalated its strike against Ford by ordering workers to go on strike at the company's largest plant, the Kentucky Truck Plant, after negotiations failed to yield a satisfactory contract agreement.
The United Auto Workers union escalated its strikes against Detroit Three automakers by walking off their jobs at Ford's Kentucky truck plant, affecting the largest and most profitable Ford plant in the world.