Ending a nearly six-week walkout, Ford reached a tentative settlement with the United Auto Workers union providing it a 25% raise — its best deal in more than two decades. Now, the UAW has to wrap up talks with General Motors and Stellantis, but there are potential sticking points that could drag things out, reports Headlight.News.
The United Auto Workers Union reached a tentative settlement with Ford Motor Co. Wednesday evening, nudging the automaker to accept a wage hike averaging 25% over the course of 4.5 years for its UAW workers. The union also agreed to order an immediate end to the walkout though it will take weeks before all is back to normal, Headlight.News reports.
After more than a month of negotations, strikes, finger pointing, grandstanding and more, the UAW and Ford reached a tentative agreement.
Just about 18 months after announcing a $5 billion partnership to develop affordable electric vehicles, General Motors and Honda ended the deal. Find out what changed to cause the split at Headlight.News.
The UAW is keeping the pressure on the Detroit Three automakers during their contract negotiations. Union chief Shawn Fain followed up Monday’s strike call at Stellantis’ Sterling Heights (MI) Assembly Plant with a call for workers at GM’s Arlington Truck Plant to stand up and walk out. Get details at Headlight.News.
With no major progress reported in contract talks with Detroit’s Big Three automakers, the UAW ordered nearly 7,000 workers to walk out at the most profitable plant operated by Stellantis, its Ram pickup line in the Detroit suburb of Sterling Heights.
GM manufacturing chief Gerald Johnson took an end run around UAW leaders by providing striking workers a detailed look at the company’s latest contract offer. “These are not poverty wages,” he stressed, noting many union employees will make over $100,000 before benefits. GM, Johnson stressed, simply can’t offer any more if it hopes to remain competitive.
The impact of Tesla’s price cuts hit home in the third quarter as its earnings fell on a year-over-year basis. Perhaps more importantly, more price cuts are expected to come in the fourth quarter at the company pushes to meet its goal of delivering 1.8 million vehicles globally. More cuts means a tough final quarter — fiscally anyway. Details at Headlight.News.
A combination of factors, including strong income growth and lower prices, made new vehicles more affordable in September than they were in August as well as the year-ago period. Get the details at Headlight.News.
It’s a different climate north of the border when it comes to contract talks between the Detroit automakers and union auto workers. GM workers represented by Unifor agreed to a new four-year deal with the automaker over the weekend. Get details at Headlight.News.
Nearly five weeks in, there appears to be no immediate end in sight for the UAW’s strike against Detroit’s Big Three. In his first appearance since the union’s contracts with his company expired, Ford Chairman Bill Ford spoke out, warning the walkout could destroy the American auto industry, and saying “We need to come together to bring an end to this acrimonious round of talks.”
The prices of new vehicles are falling, Toyota partners to accelerate solid-state battery development, and we review the Subaru Crosstrek Wilderness and more can be found in the latest edition of the Headlight News podcast.