UAW President Shawn Fain has repeatedly talked about the UAW “bump.” It’s the wage increase workers at foreign automaker transplants received in the wake of the 25% pay hike UAW members got from GM, Ford and Stellantis. Now he’s looking to see if they want to join his “movement.” Get details at Headlight.News.
Apparently the strike against General Motors by the UAW didn’t hit the company’s bottom line too badly. The Detroit-based automaker reinstated the full-year guidance it offer before the union’s walkout. Not only that, the company’s implementing a $10 billion accelerated share repurchase program. Get details at Headlight.News.
The iconic Volkswagen brand is facing major problems that make it “no longer competitive,” the automaker told its staff on Monday, and that has triggered a 10 billion euro, or $10.9 billion, cost saving program that will include job cuts. More from Headlight.News.
Headlight News for the Week of 11-20-23 – LA Auto Show – Hyundai Ties up with Amazon – This Week in Auto History
UAW President Shawn Fain pledged to be transparent with union members, and that openness has including revealing future product plans, such as talking about the expected arrival of the Jeep Wrangler EV in 2028. Find out more at Headlight.News.
Less than 24 hours after the contract between General Motors and the UAW was ratified by workers, Stellantis workers followed suit. The voting isn’t complete yet, but the number of “yes” votes is too high to be overcome by “no” votes. Ford isn’t far behind. Get details at Headlight.News.
In a surprise to many, the tentative deal between General Motors and the United Auto Workers was a close vote that, at one point, looked like it might fail. However, the final vote is in and the workers approved a new 4.5-year contract. Get details at Headlight.News.
The 150,000 UAW members at Detroit’s Big Three aren’t the only ones benefitting from their new contracts with General Motors, Ford and Stellantis. Three foreign-owned manufacturers have announced similar wage hikes for their own U.S. workers — hoping to keep them non-union. Find out more at Headlight.News.
UAW concerns about jobs being cut due to the transition to electric vehicles may be ready to play “We Told You So” Tuesday as Stellantis is offering voluntary buyouts to about half of its white collar workers in the U.S. Find out more at Headlight.News.
The voices thought to be a minority among the UAW membership may be getting louder if the “No” votes at Ford’s massive Louisville and Kentucky truck plants over the weekend is any indication. The results are also highlighting a divide between production workers and skilled trades. Find out more at Headlight.News.
UAW Chief Shawn Fain said the people would have their say, and the workers at General Motors plant in Flint, Michigan are saying “No thanks.” The proposed deal was voted down by a narrow margin, with complaints centering on mandatory overtime, the lauded cost-of-living adjustment and more. Get details at Headlight.News.
Headlight News for the Week of 11-6-23 offers insights about the UAW’s tentative agreement with GM; Toyota invests $8 billion at NC battery site, and Neiman Marcus is offering a $975K Cadillac Celestiq. We offer a Nissan Nismo Z Car review and more.