NEW: Get Updates by Email

Business

UAW, Ford Reach Tentative Settlement – But Reopening Plants Could Take Weeks

UAW, Ford Reach Tentative Settlement – But Reopening Plants Could Take Weeks

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.

UAW Hits GM Hard with Latest Strike

UAW Hits GM Hard with Latest Strike

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.

GM Tells UAW: Enough is Enough. There’s No More to Give

GM Tells UAW: Enough is Enough. There’s No More to Give

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.

Price Cuts Tamp Down Tesla Third Quarter Results

Price Cuts Tamp Down Tesla Third Quarter Results

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.

“This is Deeply Personal to Me;” Ford Chairman Bill Ford Calls for End to UAW Strike

“This is Deeply Personal to Me;” Ford Chairman Bill Ford Calls for End to UAW Strike

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.”