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☆ Stocks making the biggest moves premarket: Eli Lilly, 3M, McDonald's and more
▼ + stars: | 2024-04-30 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Eli Lilly also hiked its full-year guidance for adjusted earnings and revenue, topping analysts' expectations. 3M – Shares advanced 7.7% after the maker of industrial products posted earnings of $2.39 per share on revenues of $7.72 billion. First-quarter revenue at the Netherlands-based automaker slid 12% due to lower sales plus foreign exchange effects, even as net pricing remained strong. HSBC — HSBC, Europe's largest bank by assets, added 4.2% after the firm beat first-quarter earnings expectations and announced the departure of its Group Chief Executive Officer, Noel Quinn. PayPal saw first-quarter revenue of $7.7 billion, topping analysts' $7.51 billion consensus estimate, according to LSEG.

Persons: Eli Lilly —, Eli Lilly, Meanwehile, Goldman Sachs, Coke, Tesla, Noel Quinn, Yun Li, Jesse Pound, Michelle Fox Theobald Organizations: Chrysler, HSBC — HSBC, GE Healthcare Technologies, GE, PayPal Locations: Chicago, Netherlands, Atlanta, China

☆ Why a small China-made EV has global auto execs and politicians on edge
▼ + stars: | 2024-03-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will "demolish" global rivals without trade barriers. Caresoft, an engineering benchmarking and consulting firm, has already torn down one China-built BYD Seagull and is preparing to do another. Michael Wayland / CNBCThe consulting firm tore apart the BYD Seagull piece by piece to benchmark the small EV against vehicles from other startups and traditional automakers. Its initial study of the BYD Seagull found it to be efficiently and simplistically designed, engineered and executed, but with unexpected quality and anticipated reliability. Growing concernsBYD's rise comes at a precarious time for global auto industry dynamics.

Persons: It's, Terry Woychowski, Warren Buffett, —, BYD, Tesla, Elon Musk, Caresoft Bernstein, Nissan, Michael Wayland, Caresoft, simplistically, Woychowski, Mathew Vachaparampil, CNBC BYD, Stellantis —, Donald Trump, Zach Gibson, Jennifer Granholm, Republican Sen, Marco Rubio, Trump, –, GM Dong, Tang, Marin Gjaja, Gjaja, Ford, you've, Evelyn Cheng, Dylan Butts Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, U.S, General Motors, Caresoft, Alliance for American Manufacturing, Overseas, Chevrolet, Nissan Leaf, Bolt, Chicago Federal Reserve, BYD, CNBC, Cox Automotive, Seagull, Tesla, Toyota Motor, Nissan Motor, Honda Motor, Hyundai, Kia, — GM, Ford, Chrysler, U.S ., Washington , D.C, Bloomberg, Republican, North American Free Trade, Republicans, Buick, SAIC, GM, GM Dong Yue Motors Co, Detroit Locations: Shanghai, LIVONIA, Mich, –, China, Europe, Latin America, Detroit, Texas, Germany, Japan, U.S, Livonia , Michigan, America, XPENG, Mexico, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, ., Washington ,, United States, Marco Rubio of Florida, Yantai, Shandong Province

☆ VW Workers Seek Union Vote at Tennessee Plant for Third Time
▼ + stars: | 2024-03-18 | by ( Neal E. Boudette | ) www.nytimes.com time to read: 1 min

Volkswagen employees in Tennessee who are hoping to join the United Automobile Workers asked a federal agency on Monday to hold an election, a key step toward the union’s longtime goal of organizing nonunion factories across the South. With the union’s backing, Volkswagen workers filed a petition with the National Labor Relations Board asking for a vote on U.A.W. representation, saying that more than 70 percent of the 4,000 eligible workers at the plant had signed cards supporting the union. “Today, we are one step closer to making a good job at Volkswagen into a great career,” Isaac Meadows, an assembly worker at the plant, said in a statement. If held, an election would be the first test of the U.A.W.’s newfound strength after staging a wave of strikes in the fall against the three Detroit automakers — General Motors, Ford Motor and Stellantis — and winning record wage increases.

Persons: ” Isaac Meadows, ’, — Organizations: United Automobile Workers, Volkswagen, National Labor Relations Board, “, Detroit, —, Motors, Ford Motor Locations: Tennessee

☆ This tiny EV is the most ridiculous 'car' I've ever driven — but it's also a blast
▼ + stars: | 2024-03-10 | by ( Chris Johnston | ) www.businessinsider.com time to read: +1 min

The Ami is most ridiculous "car" I've ever driven — but it turns heads and is a lot of fun too. I thought I knew what to expect, but it wasn't until the "car" was driven off the trailer that I realized I'd taken custody of a large lawnmower. A large electric lawnmower. The Ami (French for "friend") also looked like it'd been washed in an army surplus cycle. Appropriately enough I almost made a new friend before I'd even parked, as a passer-by asked if I'd just bought it.

Persons: Ami, —, Ram, Romeo —, I'd Organizations: Service, Dodge, Peugeot Locations: London

☆ Ford, UAW reach local labor deal to avert strike at Kentucky plant
▼ + stars: | 2024-02-21 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, U.S., April 27, 2023. Ford and a United Auto Workers local union reached a tentative deal on Wednesday to avert a strike at the automaker's most profitable plant. The UAW had threatened that nearly 9,000 workers at Ford's Kentucky truck plant would strike on Friday if local union demands were not resolved. The UAW said Tuesday the deal addresses local issues related to skilled trades, ergonomics and health and safety. Workers at the plant produce Ford Super Duty pickups as well as Ford Expeditions and Lincoln Navigator SUVs.

Persons: Ford, —, — CNBC's Michael Wayland Organizations: Ford Super Duty, United Auto Workers, UAW, Workers, Ford, Ford Expeditions, Lincoln, Big Three, — Ford, General Motors, Local Locations: Kentucky, Louisville , Kentucky, U.S, Ford's Kentucky, Louisville

☆ Biden administration to reportedly relax EV rule on tailpipe emissions
▼ + stars: | 2024-02-18 | by ( ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden answers questions from reporters after driving a Jeep Wrangler Rubicon Xe around the White House driveway following remarks during an event on the South Lawn of the White House August 5, 2021 in Washington, DC. The shift would mean that EV sales would not need to rise sharply until after 2030. Reuters previously reported that the White House could enact proposed Environmental Protection Agency regulations as soon as March that would mandate dramatic reductions in tailpipe emissions. The administration proposal would require boosting U.S. EV market share to 67% by 2032 from less than 8% in 2023. Automakers and the AAI have urged the Biden administration to slow the proposed ramp-up in EV sales.

Persons: Joe Biden, Biden, Joe Biden's, John Bozzella, Bozzella, Stellantis Organizations: New York Times, Alliance for Automotive Innovation, Reuters, Agency, EV, General Motors, Ford, AAI Locations: Washington , DC, U.S

☆ Stocks making the biggest moves midday: Cisco Systems, Twilio, Super Micro Computer and more
▼ + stars: | 2024-02-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Super Micro Computer — The technology name added 8.5% after Bank of America said shares could rise to $1,040, a Wall Street high. For the recent quarter, Applovin reported earnings of 49 cents per share and $953 million in revenue. However, the company beat first-quarter earnings and revenue estimates. JFrog — The software development stock skyrocketed 25% after topping Wall Street's fourth-quarter estimates. That topped FactSet estimates 12 cents per share in earnings on $93 million in revenue.

Persons: Twilio, Applovin, Deere, Tripadvisor, Albemarle —, — Coinbase, —, JFrog, Penn, Jesse Pound, Hakyung Kim, Alex Harring, Michelle Fox, Brian Evans, Christina Cheddar Berk Organizations: Cisco Systems, Cisco, LSEG, Bank of America, Wells, Currency, Deere, Albemarle, JPMorgan, Chrysler, Fiat, Penn Entertainment, ESPN Bet Locations: North Carolina

☆ Stocks making the biggest moves premarket: Estee Lauder, Nvidia, McDonald's, Caterpillar and more
▼ + stars: | 2024-02-05 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Estee Lauder — The cosmetics stock jumped 15% after Estee Lauder beat expectations with its latest results. In its second quarter, Estee Lauder reported adjusted earnings of 88 cents per share, topping the FactSet consensus estimate of 54 cents per share. Caterpillar — Shares of the heavy machinery maker popped more than 4% after the company reported adjusted earnings per share of $5.23 for the fourth quarter. In its first quarter, the industrial gas supplier reported adjusted earnings of $2.82 per share, weaker than earnings of $3.00 per share expected by analysts polled by StreetAccount. Stellantis — Stellantis shares slid 1.7% after Italian daily Il Messaggero , citing financial sources, reported the French government is reviewing a merger between Stellantis and Renault to compete with German and Chinese automakers, according to FactSet.

Persons: Estee Lauder, Catalent, Goldman Sachs, Il, McDonald's, — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Hakyung Kim, Pia Singh Organizations: Novo Holdings, Caterpillar —, Revenue, North America . Air Products, Chemicals, Air Products, StreetAccount, JPMorgan, Nvidia —, Stellantis, Renault, McDonald's, Merck Animal Health, Mattel —, Warner Bros Locations: North America, StreetAccount .

John J. Kim | Tribune News Service | Getty ImagesDETROIT – United Auto Workers President Shawn Fain wants to expand the union's battle from the Detroit automakers to Tesla , Toyota Motor and other non-unionized automakers operating in the U.S. The UAW has previously failed to organize foreign-based automakers in the U.S. The UAW has previously discussed organizing Tesla's Fremont plant in California with little to no traction in those efforts. "Workers at Tesla, Toyota, Honda, and others are not the enemy — they're the UAW members of the future," Fain said. UAW President Shawn Fain marches with UAW members through downtown Detroit after a rally in support of United Auto Workers members as they strike the Big Three auto makers on September 15, 2023 in Detroit, Michigan.

Persons: Shawn Fain, John J, Kim, We've, Fain, Stellantis, we've, Ford, Bill Ford, Toyota Fain, Bill Pugliano, Tesla, Elon Musk, Musk, Tom Williams Organizations: United Auto Workers, UAW, Tribune, Service, Getty, DETROIT, Detroit, Tesla, Toyota Motor, U.S, General Motors, Ford Motor, Chrysler, Volkswagen, Nissan, GM, Ford, American, . ", Toyota, Honda, Bloomberg News, Bloomberg, CNBC, Cq, Inc Locations: Chicago, U.S, Fremont, California, Kentucky, Detroit, Detroit , Michigan, Fremont , California

☆ Stocks making the biggest moves midday: SoFi, McDonald's, Western Digital, On Semiconductor and more
▼ + stars: | 2023-10-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SoFi Technologies — Shares seesawed as traders digested the company's latest quarterly results. McDonald's — Shares gained 2.3% after the company beat both top and bottom lines for the third quarter. Western Digital — Shares of the data storage company jumped 6% after the company performed better than analysts polled by LSEG expected in the fiscal first quarter. Invitation Homes — The home leasing company rose nearly 1% following an upgrade to outperform by Oppenheimer. Saia — The transportation stock rose 3.4% on the back of an upgrade to outperform from peer perform by Wolfe Research.

Persons: SoFi, originations, McDonald's, Stellantis, LSEG, Revvity, FactSet, Oppenheimer, L3Harris, Raymond James, Eastman, AbbVie, Tesla, Bernstein, TD Cowen, —, Femsa, Saia, Jesse Pound, Samantha Subin, Pia Singh, Hakyung Kim, Justin Sullivan Organizations: General Motors, GM, CNBC, Ford, Spirit Realty Capital, Realty, Western Digital, Semiconductor, FactSet, Eastman Chemical —, JPMorgan, Barclays, Citi, Wolfe Research, SoFi Technologies Locations: U.S, San Francisco , California

☆ Car buyers can get their EV tax credits up front at the dealership starting in January
▼ + stars: | 2023-10-06 | by ( Ella Nilsen | ) edition.cnn.com time to read: +2 min

CNN —People shopping for electric vehicles starting next year will be able to get a $7,500 federal tax credit off the sticker price while at the dealership, rather than having to wait months to receive their tax returns. The changes to how car buyers can get the federal tax break on EVs — part of the Inflation Reduction Act — were announced by the Biden administration on Friday, and are being rolled out to car dealerships before they take effect starting January 1. More foreign companies are building EV factories in the US in order to take advantage of the tax credits in the future. The Biden administration is currently contacting dealers with information on how they register with a new federal website to eventually offer consumers up-front tax credits. Car dealers will then be reimbursed by the government within 72 hours of selling the car, according to a Treasury news release.

Persons: Biden, ”, Laurel Blatchford, Ford Organizations: CNN, Treasury, “, IRS, General Motors, Volkswagen, George Washington University

In a few cases, according to NHTSA, ARC air bag inflators could be blocked by small pieces of debris, stopping the gases from escaping as they should. In May 2023, General Motors recalled 1 million GM vehicles with the air bags. NHTSA estimated the risk of one of these inflators rupturing at one in every 370,000 air bag deployments. But officials said the only way to know if an air bag has the defect is for it to actually rupture. NHTSA and various automakers are still working to get vehicle owners to replace all the air bags involved in that recall.

Persons: Jacob Tarvis, Marlene Beaudoin, Tarvis, inflators, Kia Optima, General Motors, ”, Donna Glassbrenner, Steve Gold, Gold, “, — Ford Organizations: CNN, Traffic Safety Administration, ARC Automotive, Delphi Automotive Systems, NHTSA, ARC, Chrysler Town &, General, GM, BMW, Fiat Chrysler Automobiles —, Hyundai, Kia, Benz, Porsche, Tesla, Toyota, Volkswagen Locations: United States, Canada, Turkey, Traverse

☆ Kaiser Permanente workers start to walk off the job. It’s set to become the largest health care worker strike in US history
▼ + stars: | 2023-10-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

By 9 am ET, more than 75,000 Kaiser workers plan to join picket lines, marking the largest health care strike in US history. In the wake of pandemic, however, health care workers in particular have been fighting for safer and more secure work environments. Many health care employees are set to join the picket lines, including nursing staff, dietary workers, receptionists, optometrists, and pharmacists. Kaiser Permanente “members” pay dues to the organization to gain access to Kaiser Permanente’s wide-ranging health care services. The increased number of health care strikes have happened despite health care workers making up only about 9% of private sector union members nationwide.

Persons: Kaiser, Kaiser Permanente, James Santos, “, ”, Permanente, ” Renee Saldana, they’re, ’, “ Kaiser Permanente, CNN’s Chris Isidore Organizations: CNN, Kaiser Permanente, Kaiser, Washington DC, SEIU, UHW, “ Workers, United Auto Workers, Ford, General Motors, Writers Guild of America, Hollywood, of Labor Statistics Locations: Virginia, Washington, DC, United States, California , Colorado, Washington and Oregon, Kaiser, York City, “ Kaiser

☆ How Tesla is at the center of the UAW strikes
▼ + stars: | 2023-09-29 | by ( Robert Ferris | In | ) www.cnbc.com time to read: 1 min

The UAW strikes hitting the Detroit Three automakers — GM , Ford and Stellantis — could widen the electric vehicle gap between them and Tesla, which already controls 60 percent of the EV market. The three Detroit automakers all use union labor, and those workers are represented by the United Auto Workers union — Tesla does not. Already, industry insiders say labor costs at GM, Ford and Stellantis are considerably higher than they are at the electric car maker. But Tesla workers have attempted to unionize its factories in the past. While attempts have so far been unsuccessful, recent polls show about two-thirds of Americans are supportive of unions.

Persons: Stellantis, Tesla Organizations: UAW, Detroit Three, — GM, Ford, Detroit, United Auto Workers, GM

☆ How the UAW strikes could rekindle inflation just as its trending lower
▼ + stars: | 2023-09-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The ongoing United Auto Workers strike could present a risk to the fight against inflation, according to Barclays. According to Sriram, this could consequently put upward pressure on auto prices, which have played an outsize role in persistent inflation pressures. "We think upside risks to core inflation are likely to materialize primarily in used car prices in the event of a sharp inventory drawdown," said Sriram. "Used car prices, which account for 3.5% of core CPI (but only 0.5% of core PCE), tend to be sensitive to new car inventories, more so in this post-pandemic period, with car inventories tight and new car prices substantially elevated." She noted that the strike will not likely affect auto prices through October.

Persons: —, Pooja Sriram, Sriram, — CNBC's Michael Bloom Organizations: United Auto Workers, Barclays, — Ford, General Motors Locations: July's

☆ Biden Joins U.A.W. Strike President Heads to Picket Line in Michigan to Court Autoworkers
▼ + stars: | 2023-09-26 | by ( Katie Rogers | Neal Boudette | ) www.nytimes.com time to read: +4 min

The high-profile contract fights have played out across the country, just as public opinion has been turning more in favor of organized labor. UPSThe union representing more than 325,000 UPS workers, the International Brotherhood of Teamsters, spent months negotiating a new contract with the company. The workers’ key demands included better pay for part-time workers, whom the company relies on heavily during busy periods, and improved heat safety. The work stoppage has grown in scope since, with the union expanding its strike to include spare-parts distribution centers for G.M. has pointed to growth in profits and chief executive compensation in making its demands for improved compensation for its members.

Persons: they’ve, —, Shawn Fain Organizations: United Automobile Workers, SAG, Writers Guild of America, International Brotherhood of Teamsters, Gallup, Bureau of Labor Statistics, Hollywood, Guild of America, UPS, United Auto Workers, U.S, — Ford, General Motors, Teamsters Locations: Hollywood, Staten

☆ Could the United Auto Workers strike affect car prices? 'Inevitably yes,' expert says
▼ + stars: | 2023-09-22 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Members of the United Auto Workers (UAW) union hold a practice picket in front of Stellantis headquarters in Auburn Hills, Michigan, on September 20, 2023. Regardless of the outcome, the United Auto Workers strike threatens to cause already high car prices to escalate. However, if the strike expands, or, alternatively, if the striking autoworkers' demands are met for a 40% pay raise along with other benefits, that could put pressure on automakers, dealers and, ultimately, car shoppers. Either way, consumers will pay more down the road, he added. "Inevitably yes, no matter what."

Persons: —, Stellantis —, Ivan Drury, Edmunds, Drury Organizations: United Auto Workers, UAW, Big Three, — Ford, GM, Finance Locations: Auburn Hills , Michigan, Missouri , Michigan, Ohio

☆ Stocks making the biggest moves midday: Instacart, Steelcase, Klaviyo and more
▼ + stars: | 2023-09-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Klaviyo — Klaviyo shares jumped more than 9% after the marketing automation company surged to $36.75 after its New York Stock Exchange initial public offering. Stellantis — Shares rose about 1.7% after sales in Europe of brands such as Peugeot and Opel surged more than 6% in August. On Holding — The shoe stock rose finished lower ever after Needham initiated coverage with a buy rating. Lululemon — The athleisure clothing company rose nearly 2% after Needham initiated coverage with a buy rating, saying it expects double-digit top-line growth as accelerating technical innovation drives demand. Davidson initiated coverage on the stock at a buy.

Persons: Instacart, Steelcase, Jefferies, Davidson, Mills, Coty, Morgan Stanley, Chewy, Oppenheimer, Needham, Goldman Sachs, Azul, it's, —, Alex Harring, Hakyung Kim, Jesse Pound, Michelle Fox, Sarah Min, Yun Li, Lisa Kailai Han Organizations: Nasdaq, New York Stock Exchange, Bausch Health, —, Health, Peugeot, Opel, Chrysler, United Auto Workers, Citi, D.A, LSEG, Coty, Technologies, Textron — Textron, Berkshire Hathaway, Cessna Citation, Azul, JPMorgan, First, Bank Locations: Europe, U.S

☆ The 40-hour workweek started with autoworkers—now they're trying to make 32 hours the new norm
▼ + stars: | 2023-09-19 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

United Auto Workers (UAW) members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toldeo, Ohio, US, on Monday, Sept. 18, 2023. Thousands of United Auto Workers members are striking against three major Detroit automakers — Ford, GM and Stellantis — at plants across the U.S. Autoworkers at Ford Motor Company were among the first to adopt a five-day, 40-hour workweek in 1926 at a time when people regularly topped 100 hours per week. By 1938, the Fair Labor Standards Act cut the workweek to 44 hours, then down to 40 hours two years later. "I think it will move the public toward thinking the four-day workweek is the appropriate workweek," Creighton says.

Persons: —, Stellantis, Shawn Fain, That's, Cathy Creighton, they'd, Jonathan Cutler, Creighton Organizations: United Auto Workers, UAW, Stellantis NV, Detroit, — Ford, GM, Labor, Cornell University's Industrial, Labor Relations Buffalo Co, National Labor Relations Board, Ford Motor Company, Fair Labor, Wesleyan University, NPR, Cathy Creighton Cornell University ILR Locations: Stellantis NV Toledo, Toldeo , Ohio, U.S

☆ The boss of the United Auto Workers union said Tesla workers are 'scraping to get by' so that 'greedy people like Elon Musk can build more rocket ships'
▼ + stars: | 2023-09-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

The United Auto Workers president Shawn Fain defended worker demands for a 40% pay increase. He appeared on CBS on Sunday saying a pay rise won't stop automakers from making "billions in profits." He also criticized Tesla CEO Elon Musk, calling him "greedy." "Most of these workers in those companies are scraping to get by so that greedy CEOs and greedy people like Elon Musk can build more rocket ships and shoot their self into outer space. AdvertisementAdvertisementIf the UAW wins on its demands for higher pay, the Detroit 3's hourly labor costs could more than double to $136 an hour, according to Wells Fargo estimates.

Persons: Shawn Fain, Tesla, Elon Musk, Elon, Stellantis —, Fain Organizations: United Auto Workers, CBS, Service, United Auto Workers union, Detroit, Ford, General Motors, UAW, Tesla, Toyota, Workers, GM Locations: Wall, Silicon, United States, Wells

☆ A core frustration unites striking workers: Exorbitant CEO pay
▼ + stars: | 2023-09-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Exorbitant CEO pay is a frustration shared by Hollywood creatives and Detroit autoworkers alike. Since 1978, the CEO compensation among America’s 300 biggest companies has gone up 1,460%, while the typical worker’s pay grew by just 18% (both adjusted for inflation), according to the Economic Policy Institute, a progressive think tank. Over the same period, CEO pay at the Big Three Detroit automakers — GM, Ford and Chrysler parent Stellantis — has jumped an average of 40%, or roughly how much of a raise striking workers are now demanding. But a company’s profit depends not only on bringing in hearty revenue, but also on keeping costs — including workers’ pay — low. CEO pay went up 40%… No one had any complaints about that, but God forbid the workers ask for their fair share,” he told CNN’s Jake Tapper last week.

Persons: New York CNN —, Hollywood creatives, Barack Obama, Adam S, Hersh, —, Mary Barra, Barra, Carlos Tavares, Jim Farley, Michael M, Shawn Fain, ”, CNN’s Jake Tapper, ’, ” Hersh, “, CNN’s Chris Isidore Organizations: New, New York CNN, Workers, Hollywood, Detroit, Economic Policy Institute, Chrysler, GM, Big Three Detroit, — GM, Ford, CNN, Guild of America, Los Angeles Times, UAW, “, EV Locations: New York, America, Barra, American, Kentucky, Tennessee

☆ How an auto workers strike 87 years ago transformed America
▼ + stars: | 2023-09-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

The workers, members of the tiny United Automobile Workers union founded just a year prior, sought to improve brutal working conditions at mighty General Motors, the world’s largest manufacturer. The UAW’s sit-down strike across GM plants lasted 44 days. The 44-day strike birthed the United Auto Workers union. The UAW is calling its new strategy a “stand up strike,” a reference to the sit-down strike that started 87 years ago, and has launched targeted strikes at selected plants. The sit-down strike also prompted unionization and a wave of strikes in other industries.

Persons: Sheldon Dick, —, Shawn Fain, “ Shawn Fain, ”, Thomas Sugrue, GM foremen, Steven Greenhouse, Tom Watson, Frank Murphy, “, Joseph McCartin, Emily Elconin, Fain, McCartin Organizations: New, New York CNN, General Motors, Fisher, United Automobile Workers, GM, United Auto Workers, UAW, Detroit’s, Motors, Ford, New York University, American Labor, ” Strikers, Chevrolet, NY, Getty Images Police, Management, Flint police, Michigan Gov, National Guard, New York Times, Magazine, Chrysler, “ Auto, Georgetown University, Bloomberg, Getty, Unions, Current UAW Locations: New York, Flint , Michigan, America, Europe, Flint, Bettmann, Ford, Wayne , Michigan

☆ Why America is on strike: writers, auto workers, and actors
▼ + stars: | 2023-09-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

New York CNN —The United Auto Workers strike isn’t happening in a vacuum. From Hollywood writers to nurses, factory workers, and Starbucks baristas, thousands of workers have gone on strike in recent months to demand higher pay and improved benefits and working conditions. Members of the United Auto Workers union line up to enter a membership meeting in advance of the September 14 expiration of their union contract with Stellantis, Ford, and General Motors on September 10, 2023, Detroit, Michigan. Workers gained power during the pandemic as Covid-19 cast a spotlight on essential workers’ sacrifices and the vast disparities among America’s workforce. A striking SAG-AFTRA member pickets with other SAG-AFTRA members and striking WGA (Writers Guild of America) workers outside Warner Bros.

Persons: Paul Frangipane, ”, Joseph McCartin, Jim West, “, ” McCartin, Mario Tama, ” Gallup, Ronald Reagan, Reagan, Dennis Caruso, EPI, Michael M, Shawn Fain, Fain Organizations: New, New York CNN, United Auto Workers, Starbucks, Teamsters, UPS, Labor, Bloomberg, Getty, Georgetown University, Economic, Institute, Ford, General Motors, Stellantis, ZUMA Press Wire Workers, Workers, SAG, WGA, Guild of America, Warner Bros, Gallup, Union, International Brotherhood of Teamsters, Air, NY, “, Companies, Cornell University Institute of Labor Relations, Sinai, UAW Locations: New York, Brooklyn, Detroit , Michigan, Burbank , California, United States

☆ Biden leads Trump and DeSantis in Michigan, a battleground state key to his 2024 reelection calculus, poll says
▼ + stars: | 2023-09-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Biden leads Trump and DeSantis in swing state Michigan by 3 and 6 points respectively. Trump won the state in 2016 and Biden flipped it back in 2020. Ron DeSantis in Michigan, the Midwest battleground state key to his reelection chances next year. (In the 2020 presidential race, 97% of Michigan Democrats backed Biden and 94% of Republicans supported Trump, according to CNN exit polling.) "No one wants to strike," Biden said during his remarks at the White House.

Persons: Biden, Trump, Joe Biden, Donald Trump, Ron DeSantis, Hillary Clinton, Gretchen Whitmer, Dana Nessel, Jocelyn Benson, Sen, Debbie Stabenow, —, Stellantis, Julie Su, Gene Sperling Organizations: UAW, Service, Florida Gov, Susquehanna Polling, Research, Trump, Michigan Democrats, Republicans, CNN, Kent County, Michigan, Democratic, United Auto Workers, — Ford, General Motors, Ford, White Locations: Michigan, Wall, Silicon, DeSantis, Wolverine, Detroit, Kent, Grand Rapids, Lansing, Wayne , Michigan, Wentzville , Missouri, Toledo , Ohio

☆ Union and 3 Detroit Automakers Resume Talks
▼ + stars: | 2023-09-16 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: 1 min

The United Auto Workers union and the three Detroit automakers on Saturday resumed negotiations on a new labor contract as a targeted strike entered its second day. The union is striking against all three manufacturers — General Motors, Ford and Stellantis — but for now has limited the work stoppages to one plant at each of the companies: a Ford plant in Michigan, a G.M. plant in Missouri and a Stellantis plant in Ohio. “We had reasonably productive conversations with Ford today,” the union said in a statement. On Friday Ford said it had told 600 workers who are not part of the strike not to report to work, and G.M.

Persons: “, Ford Organizations: United Auto Workers, Detroit, Motors, Ford, G.M Locations: Michigan, Missouri, Ohio, Kansas

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