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 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 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.
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.
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.
The United Auto Workers union plans to implement targeted strikes at certain plants if tentative contracts are not reached with General Motors, Ford Motor, and Stellantis, potentially affecting local contract issues and involving work stoppages only at specific plants.
A potential strike by the United Auto Workers could have wide-ranging economic impacts, including higher car prices and job losses at suppliers, with a prolonged strike even potentially pushing the economy toward a recession.
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.
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.
Summary: Union workers at America's Big Three automakers—GM, Ford, and Stellantis—have initiated a historic triple strike over contract disputes, marking the first-ever simultaneous strike against the automakers and potentially costing over $5 billion if it lasts ten days, according to projections by the Anderson Economic Group.
More than 12,000 workers at the Big Three automakers are on strike in Michigan, Ohio, and Missouri due to inadequate wages and benefits, demanding higher pay and an end to the tiered employment system.
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.
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.
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.
The United Auto Workers' strike against Big Three automakers may not have an immediate impact on car shoppers, but there is a risk of parts shortages and longer repair times, with potential price increases in the long run.
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.
United Auto Workers President Shawn Fain calls for an additional 7,000 workers to go on strike, expanding the walkouts to a General Motors plant in Lansing, Michigan, and a Ford plant in Chicago, as Ford and GM refuse to make meaningful progress at the bargaining table.
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.
Negotiations between the United Auto Workers and Detroit Three automakers continue as the strike enters its 17th day, with Stellantis and Ford making progress but General Motors still far apart on key demands.
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.
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.
